Assembly bill · A11521 (2025-26)
Enacts the New York prediction market regulation act
New York State Assembly
Sponsor: John T. McDonald III (Assembly Member, District 108, Democratic)
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From NY Open Legislation, the NY Senate and Assembly, and official rosters. This record was last updated Oct 21, 2026. About our data
Summary
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.
Summary from NY Open Legislation. How we handle summaries
Amends the Financial Services Law.
Where it stands
Assigned to a committee for review.
- Introduced
- In committee
- Up for a vote
- Passed one chamber
- Passed
- Enacted
Committee
Racing and Wagering · New York State Assembly
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Full history
- May 28, 2026
Referred to committee
REFERRED TO RACING AND WAGERING
NY Assembly
Read the record
- Read on NY Senate (opens in a new tab) The official record on nysenate.gov.