MN SF4511

Operating or maintaining a business that allows wagers, trades, or financial positions on prediction markets is classified as a felony when transactions relate to sports outcomes, contests, events involving people, political elections/government actions, catastrophes (war, disasters, terrorism), or death-related events

Advertising prohibited prediction market products is a felony if broadcast between 8:00 a.m. and 10:00 p.m., shown during live sporting events, placed in media where 10% or more of the audience is under 21, or displayed on public property or within 500 feet of schools/playgrounds

Financial institutions, payment processors, platform providers, and media affiliates that continue processing payments for unauthorized gaming activity after receiving a cease and desist letter from the attorney general commit a felony

Persons or businesses convicted under this subdivision are barred from obtaining any gaming-related license for 10 years following conviction

Exemptions apply to pari-mutuel horse racing betting under Chapter 240 and private social bets not part of organized or commercialized gambling; effective date is August 1, 2026