Enacts the New York prediction market regulation act

Summary

The bill creates a licensing system for any platform that lets people wager on future events, mandating that operators obtain a state license and follow specific conduct rules. It applies to prediction‑market operators and participants in New York, aiming to protect consumers and preserve market integrity. The designated department will enforce the rules, including penalties and restitution where needed.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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