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SafeBets Exempt from Minnesota's New Felony Law on Prediction Markets
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SafeBets Exempt from Minnesota's New Felony Law on Prediction Markets

SafeBets confirmed it is exempt from a newly signed Minnesota law that will make operating a prediction market a felony in the state because users on its platform do not risk money or fund payouts through losses.

SafeBets confirmed it is exempt from a newly signed Minnesota law that will make operating a prediction market a felony in the state because users on its platform do not risk money or fund payouts through losses.

The law, signed by Minnesota Governor Tim Walz and set to take effect in August 2026, defines a prediction market as a system that allows consumers to “place a wager on a future outcome.” SafeBets...

By Editorial profile image Editorial
Updated on
Regulation SafeBets Minnesota Prediction Markets