S 8889 NY
Enacts the New York prediction market regulation act
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Summary
Requires a license from the department of financial services to operate a prediction market; defines "prediction market" as any platform, electronic or physical, that allows participants to place wagers, trades, or financial positions on the outcome of future events, including but not limited to political, economic, weather, or other contingencies, where payouts are tied to event outcomes; provides for standards of conduct and enforcement authority by the department of financial services.
Sponsor (1)
- Jeremy Cooney Democratic · primary
Action history (1)
- Jan 13, 2026 REFERRED TO BANKS · upper
Text versions (2)
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