Bill Commons

NY A 11521

in committee

Enacts the New York prediction market regulation act

New York · 2025-2026 Regular Session · lower

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Quick answers

Did NY A 11521 pass?

Not yet. NY A 11521 is in committee and has not come to a final vote. Latest recorded action (2026-05-28): REFERRED TO RACING AND WAGERING

What is NY A 11521 about?

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.

Who sponsors NY A 11521?

John T. McDonald III is the primary sponsor of NY A 11521.

Description

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.

Introduced
—
Latest action
2026-05-28 — REFERRED TO RACING AND WAGERING
Bill type
bill
Last updated
—

Sponsors

  • John T. McDonald IIIprimary

Committees

Not provided by source.

Action timeline

Newest first

  1. 2026-05-28

    REFERRED TO RACING AND WAGERING

    referral-committee

Versions

Documents

Votes

Not provided by source.

Related bills

No related bills recorded for this bill.

Official source

https://legislation.nysenate.gov/api/3/bills/2025-2026/A11521?summary=&detail=

Attribution

Data from openstates_bulk_csv, retrieved 2026-07-24T05:28:30.722574Z

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