New York legislation · 2025-2026 General Assembly
New York A11660: Prohibits certain employees with the state from using nonpublic information to gain advantage on prediction markets
Status: In committee, July 29, 2026
Prohibits certain employees with the state from using nonpublic information to gain advantage on prediction markets; establishes penalties for using nonpublic information on prediction markets.
What the bill says
An act to amend the public officers law, in relation to prohibiting certain employees of the state from using nonpublic information in prediction markets.
From the introduced text, July 29, 2026:
AN ACT to amend the public officers law, in relation to prohibiting certain employees of the state from using nonpublic information in prediction markets THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS: Section 1. The public officers law is amended by adding a new section 74-b to read as follows: § 74-B. PREDICTION MARKETS PROHIBITED. 1. FOR THE PURPOSES OF THIS SECTION, THE FOLLOWING TERMS SHALL HAVE THE FOLLOWING MEANINGS: (A) "NEW YORK STATE LEGISLATURE" MEANS THE NEW YORK STATE ASSEMBLY AND NEW YORK STATE SENATE. (B) "PREDICTION MARKET" MEANS AN EXCHANGE-TRADED PLATFORM OR SERVICE THAT IS NOT LICENSED OR PERMITTED BY THE NEW YORK STATE GAMING COMMISSION USED BY PARTICIPANTS TO BUY AND SELL CONTRACTS CONTINGENT ON FUTURE EVENTS, SUCH AS ELECTIONS, SPORTING EVENTS, ACTIONS OR SPEECH OF INDIVIDUALS, AND ECONOMIC INDICATORS. FOR THE PURPOSES OF THIS SECTION A PLATFORM OR SERVICE WILL NOT BE CONSIDERED A "PREDICTION MARKET" SOLELY BECAUSE THE PLATFORM OR SERVICE IS USED TO TRADE FUTURE CONTRACTS OR OPTIONS TO PURCHASE OR SELL SECURITIES, COMMODITIES, OR OTHER GOODS OR SERVICES. (C) "PUBLIC AUTHORITY" MEANS A PUBLIC AUTHORITY OR PUBLIC BENEFIT CORPORATION CREATED BY OR EXISTING UNDER ANY STATE LAW, AT LEAST ONE OF WHOSE MEMBERS IS APPOINTED BY THE GOVERNOR, INCLUDING ANY SUBSIDIARIES OF SUCH PUBLIC …
Sponsors
- Powers, Keith (D, 74) · primary sponsor
Latest actions
- : REFERRED TO GOVERNMENTAL OPERATIONS
Subjects: Public Officers Law
Common questions
- What is A11660?
- A11660 is a bill in the New York Legislature (2025-2026 General Assembly): Prohibits certain employees with the state from using nonpublic information to gain advantage on prediction markets.
- What does A11660 do?
- In its own words: An act to amend the public officers law, in relation to prohibiting certain employees of the state from using nonpublic information in prediction markets.
- What is the status of A11660?
- In committee as of July 29, 2026. Latest action: REFERRED TO GOVERNMENTAL OPERATIONS (July 29, 2026).
- Who sponsored A11660?
- Powers, Keith (D, 74).
- Where is the official record for A11660?
- On the New York Legislature website: https://www.nysenate.gov/legislation/bills/2025/A11660
Source: official New York record. Tracked by Delilah, AI for legislation across all 50 states and Congress.