Online sweepstakes games prohibition

This bill prohibits the operation of online sweepstakes games in Minnesota, which are defined as internet-based games that use a dual-currency system allowing players to exchange virtual currency for prizes or cash equivalents while simulating gambling. The law directly affects game operators, payment processors, financial institutions, and other entities that support these games by banning them from conducting or promoting such activities within the state. Key provisions require the commissioner of public safety and attorney general to deny licenses to anyone knowingly accepting revenue from these prohibited games and to enforce penalties for violations. The bill also establishes clear definitions for terms like "dual-currency" and "online sweepstakes game" to ensure consistent enforcement.