New York lawmaker proposes insider-betting restrictions for officials
New York Assemblymember Phil Steck introduced Assembly Bill A09635 on 21 January 2026 to bar state agency employees, legislators and legislative staff from using information gained through official duties to bet on sportsbooks or trade on prediction markets. The proposal was referred to the Assembly Committee on Governmental Operations; if passed and signed by the governor, it would take effect 90 days after becoming law.
The bill could restrict public officials' use of sportsbooks and prediction markets in New York.