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New York policy

A11521: Enacts the New York prediction market regulation act

NY Assembly · Sponsor John T. McDonald III

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Jurisdiction
New York State
Applies to
New York State (proposed)
Effective
May 28, 2026

What it requires

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.

ny-stateassemblylegislationbill

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