New York bills · 2025 Regular Session
New York S 8889
Enacts the New York prediction market regulation act
- Introduced
- In committee
- Passed Senate
- Passed House
- To Governor
- Became law
Sponsors
- Jeremy Cooney (Democratic/Working Families)
Summary
Official abstract published by the New York legislature
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.
Text versions
Roll-call votes
No recorded votes on this bill.
Actions
- Jan 13, 2026 · Senate
REFERRED TO BANKS