MN HF2540

Authorizes fantasy sports games with entry fees in Minnesota and establishes them as contests of skill rather than illegal gambling under state law

Requires game operators to implement consumer protections including age verification (18+), segregation of player funds from operational funds, disclosure of game rules and promotional terms, and prohibition of employee participation

Mandates game operators prevent insider trading by restricting disclosure of gaming information before public release and prohibiting employees and relatives from competing in games offering cash prizes over $5

Requires annual independent audits by third-party auditors using Public Company Accounting Oversight Board standards, with results submitted to the Commissioner of Public Safety by March 15 each year

Exempts fantasy game participation from existing gambling debt recovery and void contract provisions in state law, allowing players to participate legally without fear of losing legal recovery rights