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"Now you're asking me to stop my latest quest, which is surfing," he said when asked about running for office again.
Ventura told the crowd that "none of the above" would be a better choice than Norm Coleman or Al Franken.
"I may go down and file," he added. "I will be "none of the above, and if I win, I'll go to Washington.
The Humprhey Institute's Larry Jacobs said the timing just might be right ... again.
"If it's Ventura, all bets are off," he said. "Voters are angry. And they're not very happy with the parties and the candidates in front of them."
He noted Ventura beat Coleman once before: Coleman was Ventura's Republican opponent when Ventura was elected governor, as an independent, in 1998.
Ventura is scheduled to announce his decision before a national audience Monday night on CNN's "Larry King Live."
If the unpredictable independent decides on a comeback, his flair for generating media attention would transform an already expensive and contentious race between GOP Sen. Norm Coleman and Democrat and former "Saturday Night Live" personality Al Franken into a free-for-all.