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Minnesota advances controversial felony ban on prediction markets as scrutiny grows
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Minnesota advances controversial felony ban on prediction markets as scrutiny grows

ReadWrite·Suswati Basu·about 2 months ago
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Minnesota lawmakers are moving ahead with a proposal that would outlaw most prediction markets , pushing the issue further into the spotlight as similar debates unfold in other states. A key Senate panel this week signed off on Senate File 4511 , sending it along to another committee for continued review. The measure, brought forward by Sen. John Marty, DFL–Roseville, cleared the Senate Commerce and Consumer Protection Committee without opposition and now heads to the Senate Finance Committee. The Minnesota Senate Committee on Commerce and Consumer Protection unanimously give a vote of approval to Sen. John Marty's (DFL-40) bill, SF 4511, to prohibit prediction market contracts centered around sports, war, politics, weather, and other controversial markets.…

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