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Can I offer contests that involve entry fees in Minnesota? What are the requirements?

Offering Contests with Entry Fees in Minnesota

Based on the provided context documents, it appears that offering contests that involve entry fees is generally allowed in Minnesota, but there may be certain requirements that need to be met.

Requirements for Offering Contests with Entry Fees in Minnesota

  1. Registration and Bonding: If the total value of prizes offered in a contest exceeds $5,000, the contest sponsor must register with the Minnesota Secretary of State and post a bond equal to the total value of the prizes. [MNST 325E.37][2.1]
  2. Disclosure of Rules and Prizes: Contest sponsors must disclose the rules of the contest and the nature and value of all prizes offered. [MNST 325E.33][2.1]
  3. Prohibition of Deceptive Practices: Contest sponsors are prohibited from engaging in any deceptive practices, such as misrepresenting the nature or value of the prizes offered or the odds of winning. [MNST 325E.34][2.1]
  4. Compliance with Other Laws: Contest sponsors must comply with all other applicable laws and regulations, such as those related to consumer protection and gambling. [MNST 325E.35][2.1]

It is important to note that these requirements may not be exhaustive and there may be other laws or regulations that apply depending on the specific nature of the contest. It is recommended that contest sponsors consult with an attorney to ensure compliance with all applicable laws and regulations.

Additionally, the Minnesota Department of Natural Resources has specific requirements for stamp contests, including eligibility requirements, contest entry period, and submittal of entries. [MNAC 6290.0300][2.1]

Conclusion

Based on the provided context documents, it appears that offering contests that involve entry fees is generally allowed in Minnesota, but there may be certain requirements that need to be met, such as registration and bonding, disclosure of rules and prizes, prohibition of deceptive practices, and compliance with other laws. It is recommended that contest sponsors consult with an attorney to ensure compliance with all applicable laws and regulations.

Source(s):
Jurisdiction

Minnesota