From the Super Mario Wiki
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The VS Space is a space that appears in Super Mario Party. It is a yellow space with "VS" on it. If a player land on this space, they will play a "Rumble Minigame" with the other players similar to duels from Mario Party: Star Rush. The player who landed on the space must first randomly select 7, 10, 15, or 20 coins to wager, and then initiate the minigame. Players will then win certain amounts of coins depending on their performance in the minigame, and the VS Space subsequently transforms into a Blue Space.