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Minnesota senators propose ban on online sweepstakes casinos

Regulation

Five Minnesota senators introduced Senate File 4474 on 16 March, proposing to prohibit online sweepstakes casino services in the state. The bill would also restrict support from businesses including payment processors, game developers and financial institutions, and permit penalties for violations. It was referred to the Senate Committee on Commerce and Consumer Protection.

The proposal could expose operators and service providers supporting sweepstakes casinos to restrictions and penalties in Minnesota.

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Regulation

Kalshi and Polymarket bar some insider trading as senators propose sports-contract ban

Kalshi and Polymarket announced new trading restrictions on 23 March, while US senators Adam Schiff and John Curtis introduced legislation to prohibit prediction-market contracts on sports. Kalshi’s rules cover candidates trading on their campaigns and people involved in sports trading related contracts; Polymarket bars trading where users may hold confidential information or influence an outcome.

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