S 10410 NY
Prohibits the use of confidential information in predictive markets
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Summary
This New York bill prohibits members of the legislature and legislative employees from using confidential or non-public information obtained during their official duties to profit or avoid losses in predictive markets. The prohibition also applies to assisting other persons, including family members, in profiting from predictive markets using such confidential information. Predictive markets are defined as exchange traded platforms where participants buy and sell contracts based on the outcome of future events such as political, economic, or weather events. The bill takes effect immediately.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Official abstract
Prohibits members of the legislature and legislative employees from using confidential or non-public information to personally profit or assist another person in personally profiting in predictive markets.
Sponsor (1)
- Robert Rolison Republican · primary
Action history (1)
- May 15, 2026 REFERRED TO ETHICS AND INTERNAL GOVERNANCE · upper
Text versions (2)
Full text
Full text imported from assembly.state.ny.us
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Bill No.: Summary Actions Committee Votes Floor Votes Memo Text LFIN Chamber Video/Transcript S10410 Summary: BILL NO S10410   SAME AS No Same As   SPONSOR ROLISON   COSPNSR   MLTSPNSR   Amd §74, Pub Off L   Prohibits members of the legislature and legislative employees from using confidential or non-public information to personally profit or assist another person in personally profiting in predictive markets.
Go to top S10410 Text:
STATE OF NEW YORK ________________________________________________________________________
10410
IN SENATE
May 15, 2026 ___________
Introduced by Sen. ROLISON -- read twice and ordered printed, and when printed to be committed to the Committee on Ethics and Internal Gover- nance
AN ACT to amend the public officers law, in relation to prohibiting the use of confidential information in predictive markets
The People of the State of New York, represented in Senate and Assem- bly, do enact as follows:
1 Section 1. Subdivision 3 of section 74 of the public officers law is 2 amended by adding a new paragraph j to read as follows: 3 j. No member of the legislature, or legislative employee shall use any 4 confidential or non-public information obtained in the course of their 5 official duties to personally profit or avoid loss in the predictive 6 markets or assist another person, including a spouse, child or other 7 family member, or others in profiting or avoiding loss from partic- 8 ipation in predictive markets. For purposes of this paragraph, the term 9 "predictive markets" shall mean any exchange traded platform or service 10 where participants buy and sell contracts based on the outcome of future 11 events including but not limited to political, economic, weather or 12 other contingencies. 13 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD15434-02-6
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