NY S 8889

in committee

Enacts the New York prediction market regulation act

New York · 2025-2026 Regular Session · upper

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: —
Status date: —
Latest action: 2026-01-13 — REFERRED TO BANKS
Bill type: bill
Last updated: —

Committees

Not provided by source.

Action timeline

2026-01-13
REFERRED TO BANKS
referral-committee

Versions

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Votes

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Related bills

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Official source

https://legislation.nysenate.gov/api/3/bills/2025-2026/S8889?summary=&detail=

Attribution

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

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