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Local law · Int 0951-2026

Preventing policymakers and their relatives from trading on prediction markets using insider information

New York City Council

Latest action Jun 22, 2026

Sponsor: Shanel Thomas-Henry (Council Member, District 21, Democratic)

Official titleShow

A Local Law to amend the administrative code of the city of New York, in relation to preventing policymakers and their relatives from trading on prediction markets using insider information

The heading above is this same sentence with its legal opening removed. No words were added, changed or reordered.

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From the NYC Council's legislative record (Legistar) and official rosters. This record was last updated Aug 1, 2026. About our data

Summary

This bill would ban elected officials and other high-ranking New York City officials from making bets on events in prediction markets when they hold insider information about the event. It also prevents close relatives of those officials from making bets on those events. The bill would also require that officials annually disclose any transaction over $50 that they make on prediction markets and would require the Conflicts of Interest Board to promulgate rules clarifying when any other actions with respect to prediction markets by a government official would violate existing general conflicts of interest provisions.

Summary from NYC Council (Legistar). How we handle summaries

Where it stands

Assigned to a committee for review.

  1. Introduced
  2. In committee
  3. Up for a vote
  4. Passed one chamber
  5. Passed
  6. Enacted

Committee

Committee on Governmental Operations, State & Federal Legislation

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Cosponsors

6

Cosponsors in the order the New York City Council lists them.

  • Democratic5
  • Republican1

This bill has cosponsors from more than one party.

Shown in neutral colors by design; Agora is non-partisan.

Full history

  1. Jun 22, 2026

    Hearing held

    This Introduction was Hearing Held by Committee

    Committee on Governmental Operations, State & Federal Legislation

  2. Jun 22, 2026

    Held over

    This Introduction was Laid Over by Committee

    Committee on Governmental Operations, State & Federal Legislation

  3. Jun 11, 2026

    Introduced

    This Introduction was Introduced by Council

    NYC Council

  4. Jun 11, 2026

    Referred to committee

    This Introduction was Referred to Comm by Council to the Committee on Governmental Operations, State & Federal Legislation

    NYC Council

Read the record