The prohibition extends to services supporting prediction markets, like virtual private networks ...
So they quietly just slipped a blanket VPN ban in there, too? Would be interested to read more about that part ...
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The prohibition extends to services supporting prediction markets, like virtual private networks ...
So they quietly just slipped a blanket VPN ban in there, too? Would be interested to read more about that part ...
like virtual private networks, that could allow consumers to disguise their location and get around the ban.
Seems to be the intention.
They should go further and ban people from leaving the state, since that could also be used to circumvent the ban.
These people have bank accounts. What not just pass a law saying banks can’t take payments from these sites instead of banning VPNs?
Because banks have a better lobby and pay better.
But what about the banks profits??
If they are all following the same law they would not be affected since nobody would have a competitive advantage.
Prior to New Jersey amending their state constitution to allow online sports betting in 2011, and mostly leading to the opening of online gambling we're experiencing now, enforcement was usually taken against the "casinos" rather than the handlers. Back then it was CEOs of the betting companies getting caught on their flight layovers and charged with the illegal gambling stuff.
Doubt the intention is to enforce against the gamblers for the reasons already implied here, like the difficulty of tracking and enforcing vpn monitoring.
Luckily due to the United States Constitution, the states can't tell you where you can and cannot go. Obviously with the police they can do whatever the fuck they want but officially we can go over we want.
I mean you could make the argument that the commerce clause tells the state they can't ban VPNs. Ultimately it will be up to the SC to dictate the laws as they have been lately.
So do they have a business exception or are they just saying fuck everyone including businesses? Which would be surprising.
Here is the relevant text of the signed bill SF4760, make your judgement as you will:
81.23 Subd. 2. Prediction markets; hosting prohibited. A person is guilty of a felony if the 81.24 person, for consideration and as part of a business
...
82.14 (5) provides supportive services to a prediction market or consumer knowing that the 82.15 services will be used to identify a consumer's location, transfer money, or make or process 82.16 payments for the purpose of allowing consumers to make wagers or to settle wagers made 82.17 by consumers in violation of this section.
So they'd have to prove that the VPN provider somehow knew the user's intention? It will they just steamroll over the facts and claim that any provider should assume that?
Good question. At a minimum any VPN marketing in MN would need to tiptoe around claims that you can watch region locked content as if you were there.
Personally, I think VPNs that don’t receive or keep customers' info and logs could have a credible argument that they don't know whether their customers use it for prediction markets or not.
Cue laws that VPNs monitor their clients' traffic
Hey what the fuck, good eye
"This section is effective August 1, 2026. Sec. 3. [609.7615] PREDICTION MARKETS. (a) As used in this section, the following terms have the meanings given. (b) "Athletic event" means a sports game, match, or activity, or series of games, matches, activities, or tournaments involving the physical proficiency of one or more players or participants. Athletic event includes horse racing as defined in section 240.01, subdivision 8. (c) "Esports event" means a competition between individuals or teams using video games in a game, match, contest, or series of games, matches, or contests or a tournament, or by a person or team against a specified measure of performance which is hosted at a physical location or online. (d) "Game of skill" means a game, match, or tournament, or a series of games, matches, and tournaments involving the dexterity or mental skill of one or more players or participants. Game of skill includes an esports event. (e) "Prediction market" means a system that allows consumers to place a wager on the future outcome of a specified event that is not determined or affected by the performance of the parties to the contract, including but not limited to: (1) an athletic event or game of skill, or portions thereof or individual performance statistics therein; (2) any game played with cards, dice, equipment, or any mechanical or electronic device or machine; (3) war, state or national emergencies, natural or human-made disasters, mass shootings, acts of terrorism, or public health crises, or the ancillary effects thereof; (4) any event or events happening to a natural person or group of people; (5) a federal, state, or local election, or the actions or conduct of the federal, state, or local government and the government's agencies, employees, and officers; (6) legal actions, including but not limited to a civil or criminal suit, grand jury action, jury trial, settlement, plea, or conviction; (7) the death, assassination, or attempted killing of a person or group of persons, or mass casualty events; (8) short-term weather events or conditions; (9) events in popular culture, including but not limited to awards and the date a piece of entertainment will be released; and (10) whether a person will make a particular statement. (f) "Wager" means a contract, including a prediction market contract, whereby the parties to the contract agree to a gain or loss by one to the other of money, property, or benefit. Subd. 2. Prediction markets; hosting prohibited. A person is guilty of a felony if the person, for consideration and as part of a business: (1) creates a prediction market; (2) operates, manages, or controls a platform or system intending that consumers will use the platform or system to make wagers in a prediction market; (3) intentionally facilitates the operation of a prediction market by: (i) identifying or listing events knowing the events will be used by consumers to make wagers; (ii) accepting, holding, or directing the disposition of money or other things of value for the purpose of allowing consumers to make wagers or to settle wagers made by consumers; (iii) determining, administering, or enforcing the terms, pricing, or settlement of wagers made by consumers; (iv) regularly or continuously acting as a counterparty to wagers made by consumers by entering into a wager, offering to enter into a wager, or taking a temporary position in a wager that may be replaced by a different consumer; or (v) setting or adjusting the prices, odds, or terms that apply to wagers entered into by consumers;
(4) provides data, information, or verification services, including the provision of event outcomes, directly to a prediction market knowing that the data, information, or verification services will be used to allow consumers to make wagers or to settle wagers made by consumers in violation of this section; or (5) provides supportive services to a prediction market or consumer knowing that the services will be used to identify a consumer's location, transfer money, or make or process payments for the purpose of allowing consumers to make wagers or to settle wagers made by consumers in violation of this section.
Subd. 3. Prediction markets; advertising prohibited. Whoever advertises or markets financial or technological products that promote transactions prohibited under this section is guilty of a felony. Subd. 4. Exceptions. Subdivision 2 does not apply to: (1) activities that are not bets under section 609.75, subdivision 3; and (2) contracts authorized and regulated under chapters 59A to 79A."
The way I read it is a VPN provider should block users in this state from connecting to prediction betting sites to be safe.
Just FYI, sufficiently liquid prediction markets are also assassin markets by their nature.
It's a really easy way to facilitate payments for killings by "predicting" that someone will be dead by a certain date, and making a big bet against it
That isn't really a new thing entirely, companies have our entire lives been able to take out life insurance on their employees without them knowing it. Which you know...
This was reported, so I looked it up. Apparently, it's true. I also think it's your opinion that corporations might use for their own financial gain, so I won't remove it.
Corporate ownership of life insurance (COLI), or corporate-owned life insurance, refers to insurance policies taken out by companies on their employees, typically senior-level executives.
The company is responsible for making the premium payments, and if the person dies, the company, not the insured person's family or other heirs, receives the death benefit. Such policies came to be called "dead peasant insurance" after some companies purchased life insurance on low-level workers without their knowledge.
https://www.investopedia.com/terms/c/corporate-ownership-of-life-insurance.asp
Oh right the dead peasants' insurance thing this is like well after the fact, in like the 00s by walmart.
I guess I should have just looked it all up how hard could have been.
From what I understand they would take them out on technical employees fairly often as well, like scientists types that could not be easily replaced. But who knows what dirty dealings have gone on.
Is that why they hire elderly people as greeters? Wow, they're pure evil.
His opinion? Walmart was notorious for taking out life insurance policies on its rank and file workers. It happened for decades, there were even lawsuits, settlements, the whole 9 yards...
This is the first I'm hearing anything about it. I meant it as a good thing, so he doesn't have to provide proof and all that.
Whaaaa?
Hey, I bet you a million dollars a guy I don't like will still be alive tomorrow.
If you take that bet. You have a significant financial interest in ensuring that guy I don't like isn't still alive tomorrow
I get what you were saying, I just have never heard of this happening. Are there court cases or articles on it?
No confirmed cases, but sci fi novels and commentators have been talking about it since the 90s - https://en.wikipedia.org/wiki/Assassination_market
We are proud to announce that we have created the Torment Nexus from the famous SciFi show "Don't create the Torment Nexus"!
I'm pretty sure that legal wide scale prediction markets have been around for like 2 years so maybe give it time
I honestly wonder if there isn't a deeper history. Gambling is a part of human culture and the only recent thing that's happened is our society has become so corrupt that gambling is being allowed to legally flourish.
Like bank deposit insurance, vaccines, and clean water standards, anti-gambling laws are something society is reminded it needs only after they are gone.
Every day I regret leaving Minnesota for Texas, they keep doing what we need to do here and the damn state regime stomps down any progressive or practical solutions the blue cities try. I vote angry in every election.
Something stopping you from going back?
Can't afford moving anywhere now. Have to work and save before I can get back north again.
I feel like if we could just organize and sythesize a list of the best blue state laws and enact them nationally we could have a pretty good country. I mean I would say like cali and minnesota and illinois but like new mexico to has some nice stuff along with the old guard east coast. EDITED ugh. just realized from another commenter the poison pill in the law.
The amount of people who can't read past the headline and are missing that this is about banning VPNs and garnering public support for it is honestly horrifying.
Wait, so you read this
The prohibition extends to services supporting prediction markets, like virtual private networks, that could allow consumers to disguise their location and get around the ban.
and thought that it meant
Minnesota is banning VPNs, too.
Like, that would be a headline on its own. But it isn't.
Bet they didn't predict that happening.