New York legislation · 2025-2026 General Assembly
New York A9251: Relates to prediction markets
Status: In committee, August 17, 2026
Provides for requirements and restrictions on prediction markets.
What the bill says
An act to amend the general business law, in relation to prediction markets.
From the amended text, August 17, 2026:
AN ACT to amend the general business law, in relation to prediction markets THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS: Section 1. Legislative findings and declaration. The legislature hereby finds that the regulation of activity within its jurisdiction is the foundation of the police powers of the state, that such powers are exercised through comprehensive statutory schemes enacted by the elected representatives of nearly twenty million New Yorkers, and that such schemes pair regulated activity with, among other things, criminal and civil penalties, licensure, authorization, incentives, consumer protections, and funding for state programs. The legislature further finds that the placing of money or anything of value upon the outcome of a future contingent event may implicate various laws of this state, including laws that prohibit such conduct outright and laws under which the underlying activity is regulated or prohibited by the state, and that where such conduct, or the underlying activity upon which it depends, is unlawful, the offering of speculative positions thereon to New York consumers is itself unlawful and, where advanced or profited from by a person other than a mere participant, may be criminal. The legislature further finds that while the democratization of commodity trading and the reduction of friction in legitimate hedging and price discovery serve …
Sponsors
- Clyde Vanel (D, 33) · primary sponsor
- Maryjane Shimsky (D, 92)
- Phillip Steck (D, 110)
- Alicia Hyndman (D, 29)
Latest actions
- : PRINT NUMBER 9251B
- : AMEND (T) AND RECOMMIT TO CONSUMER AFFAIRS AND PROTECTION
- : PRINT NUMBER 9251A
- : AMEND (T) AND RECOMMIT TO CONSUMER AFFAIRS AND PROTECTION
- : REFERRED TO CONSUMER AFFAIRS AND PROTECTION
- : REFERRED TO CONSUMER AFFAIRS AND PROTECTION
Subjects: General Business Law
Common questions
- What is A9251?
- A9251 is a bill in the New York Legislature (2025-2026 General Assembly): Relates to prediction markets.
- What does A9251 do?
- In its own words: An act to amend the general business law, in relation to prediction markets.
- What is the status of A9251?
- In committee as of August 17, 2026. Latest action: PRINT NUMBER 9251B (August 17, 2026).
- Who sponsored A9251?
- Clyde Vanel (D, 33), with 3 co-sponsors.
- Where is the official record for A9251?
- On the New York Legislature website: https://www.nysenate.gov/legislation/bills/2025/A9251
Source: official New York record. Tracked by Delilah, AI for legislation across all 50 states and Congress.