Federal investigations into large-scale Medicaid and housing fraud in Minnesota programs during Tim Walz's governorship continue to shape trader views on potential charges against him. Congressional hearings and a House Oversight report have highlighted allegations of delayed state action and possible interference with whistleblowers, while recent referral of related matters involving Walz and Attorney General Keith Ellison to the Department of Justice for full criminal review adds scrutiny. Walz has testified he takes responsibility for oversight lapses, welcomed prosecutions of perpetrators, and disputed the scale of losses claimed by federal prosecutors. No indictments target the governor personally as probes advance, with resolution likely hinging on DOJ findings and any new evidence from ongoing raids or subpoenas.