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New York assemblyman proposes restrictions on prediction-market contracts

Regulation

New York Assemblyman Clyde Vanel introduced Assembly Bill 9251, proposing limits on prediction-market contracts in New York. The bill would bar contracts tied to specified events, impose consumer and advertising rules, and require platforms to follow safeguards for regulated betting; lawmakers cannot take it up before the session begins on 7 January 2026.

If enacted, the proposal would subject prediction platforms to restrictions and safeguards affecting New York betting markets.

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