Various chronicles of deception, intrigue and murder in and around frozen Minnesota. Yet all of these tales mysteriously lead back one way or another to Fargo, North Dakota.
Molly takes the lead, while Gus pursues a hunch. Lester manipulates a situation, and Malvo finds a new target.
In an attempt to stop the Kansas City mob, the police decide to use Ed and Peggy as bait. Hanzee betrays the Gerhardts and takes revenge.
Ed and Peggy hold Dodd hostage in a secluded cabin and try to strike up a deal with the Gerhardts, while Hanzee attempts to hunt them down.
Lester has an unexpected encounter, Malvo changes course, and a new investigation leads Molly down a familiar path.
Malvo executes his master plan, while Lester attempts to craft one of his own. Gus and Molly team up in Duluth.
A ruthless, manipulative man meets a small-town insurance salesman and sets him on a path of destruction.
With Ed and Charlie in custody, the Gerhardts arrive at the police station, forcing Lou and Hank to try and prevent any more bloodshed.
Molly recuperates from her injury, while Malvo looks to dispatch a syndicate in Fargo. Lester continues his descent into darkness with the unfolding of his plan.
The police bring in Floyd for questioning, in an attempt to make her talk. Bear goes on a ride with Simone. Karl keeps an eye on Lou's family.
When Gus tries to right a wrong, Malvo embraces his alter ego. Lester finds himself in a surprising situation, and Molly uncovers a promising lead.
Floyd takes action and Charlie tries to prove himself; Peggy and Ed disagree about what to do next; Lou finds himself sidelined during Ronald Reagan's campaign tour.
Molly faces pressure to close the case, while Lester starts to feel like a new man.
Gloria follows the money. Nikki plays a game. Emmit learns a lesson about progress from Varga.
Malvo flips the script on the blackmail operation. Molly sets a trap, and Gus debates whether he should come clean. Lester's return to work has complicated repercussions.
Gloria and Winnie get closer to the truth. Emmit tries to make things right. Nikki and Ray prepare for payback. Varga cleans up a mess.
In the events following the motel massacre, Hanzee goes after Ed and Peggy.
Emmit sits down with Gloria. Nikki negotiates a deal.
When Lester has a close call, Molly makes an unorthodox decision. Gus weighs some neighborly advice and Malvo gets what he wants.
Molly begins to suspect that Lester is involved in the murders, but her boss points her in a different direction. Meanwhile, Malvo investigates the plot against a man known as the Supermarket King.
Gloria tries to work around the system. Nikki finds herself in a familiar place. Varga comes up with an alternative plan. Emmit goes to dinner.
A twisted sibling rivalry leads to murder, mobsters and cutthroat competitive bridge in a small Midwestern town.
Nikki struggles to survive. Emmit gets spooked. Sy joins Varga for tea.
The Gerhardts' search for Rye intensifies, Lou takes a trip to Fargo, and Peggy overhears a new theory about the Waffle Hut shooter.
The Gerhardts respond to Kansas City's proposal, while Hanzee finds a new lead in Rye's disappearance. Lou questions Ed and Peggy.
Nikki and Ray’s retaliation has consequences for Emmit. Gloria and Winnie start connecting the dots.
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