New York lawmaker proposes restrictions on prediction markets
New York Assemblyman Clyde Vanel introduced the ORACLE Act, a bill that would regulate prediction markets alongside gambling activities in the state. It would prohibit bets on politics, deaths, securities, catastrophic events and individual sports games, while requiring age checks and self-exclusion options; lawmakers are due to consider it from 7 January 2026.
The proposal would impose new restrictions and consumer safeguards on prediction-market platforms operating in New York.