Relates to prediction markets

Summary

The bill creates a new article in the General Business Law that defines prediction markets and sets rules for any platform that lets New Yorkers trade on future events. It bars users under 21, excludes certain insiders, prohibits markets on catastrophes, politics, deaths, securities and athletics, and requires platforms to disclose how outcomes are determined and to offer self‑exclusion and spending limits. The goal is to protect consumers while giving the state oversight of these speculative services.

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

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