Bill > SF4511

This bill, effective August 1, 2026, aims to prohibit certain activities related to "prediction markets," which are defined as systems where people can wager on the future outcome of events not determined by the parties involved, including athletic events, games of skill, elections, legal actions, and even weather or popular culture events. The bill makes it a felony for anyone to create, operate, manage, or facilitate such prediction markets, or to act as a counterparty to wagers within them, with exceptions for activities already defined as not being bets or those regulated under other chapters. It also makes advertising or marketing financial or technological products that promote these prohibited prediction market transactions a felony, and imposes felony penalties for entities that continue to facilitate payments for unauthorized gaming after receiving a cease and desist order from the director of alcohol and gambling enforcement. Furthermore, the bill adds a conviction for violating these new prediction market provisions as a mandatory disqualification for obtaining or renewing licenses related to gambling.

Government Affairs, Justice

https://www.revisor.mn.gov/bills/94/2026/0/SF/4511/