The proposed bill aims to prohibit online sweepstakes games in Minnesota by introducing new legal language into Minnesota Statutes, specifically under chapter 325F. It defines key terms such as "dual-currency" and "online sweepstakes game," establishing that these games involve a system where players can exchange currency for prizes while simulating gambling activities. The bill outlines that any person or entity is prohibited from operating, conducting, or promoting such games within the state, and it extends this prohibition to various stakeholders, including financial institutions and media affiliates.

Additionally, the bill mandates that the commissioner of public safety and the attorney general must deny operations to any entity that knowingly accepts revenue from online sweepstakes games and enforce penalties for violations. The bill also states that existing violations related to similar activities, as outlined in section 325F.755, subdivision 7, will apply to this new prohibition. Overall, the legislation seeks to curb the operation of online sweepstakes games and associated illegal revenue streams in Minnesota.