Minnesota SF4511 prohibits certain wagers and activities related to prediction markets and disqualifies those convicted of related offenses from.

Minnesota SF4511 amends state statutes to prohibit certain wagers and activities related to prediction markets. It specifically bans wagers on sports, people, politics, catastrophes, and death. The bill also outlaws advertisements for financial products that promote these prohibited transactions. Violators face criminal penalties, and those convicted are barred from obtaining a gaming-related license for ten years. Exceptions include pari-mutuel betting on horse racing and private social bets not part of organized gambling. The changes take effect August 1, 2026.

Minnesota SF4511 prohibits certain wagers and activities related to prediction markets and disqualifies those convicted of related offenses from.

Minnesota SF4511 amends state statutes to prohibit certain wagers and activities related to prediction markets. It specifically bans wagers on sports, people, politics, catastrophes, and death. The bill also outlaws advertisements for financial products that promote these prohibited transactions. Violators face criminal penalties, and those convicted are barred from obtaining a gaming-related license for ten years. Exceptions include pari-mutuel betting on horse racing and private social bets not part of organized gambling. The changes take effect August 1, 2026.