No criminal charges or indictments have been filed against Minnesota Gov. Tim Walz as of early October 2026, despite Republican-led congressional scrutiny of fraud in state programs such as Feeding Our Future and Medicaid initiatives estimated in the billions. A June federal court ruling quashed DOJ subpoenas tied to immigration enforcement probes, describing them as politically motivated rather than legitimate investigations. A separate referral to the Justice Department for potential fraud-related offenses has not produced formal action. Walz, who announced he would not seek a third term, has publicly acknowledged oversight shortcomings while denying personal wrongdoing. These factors, combined with the time required for any charging decisions before year-end, underpin trader consensus reflected in current market pricing.