Clyde Vanel introduces New York bill to restrict prediction markets
New York Assemblyman Clyde Vanel introduced the ORACLE Act, which would prohibit event contracts tied to specified categories, including sports and natural disasters. His office said the measure could be considered when the 2026 legislative session opens on 7 January; Vanel argued that prediction markets should face state oversight and licensing.
The proposal could restrict the event categories available to prediction-market operators in New York.