Environment
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
StateIndianaIntroduced
HB 1116: Virtual currency kiosks.
Wendy McNamara
HB 1116 status: Introduced — Public Law 143 (updated Mar 9, 2026).
Source
OpenStates
Confidence
Low
Analysis basis
OpenStates summary
01
What this bill does
Official summary alongside an AI-generated read on where it stands and why.
Overall Score
50OUT OF 100
Score:50/100 civic fit — mixed
Risk:High Risk
Impact:Moderate Impact 60/100
Constitutionality70%
Bipartisan50%
Public opinion60%
Bill summary
Prohibits the operation of virtual currency kiosks in Indiana. Provides that: (1) a person that violates these provisions commits an act that is actionable by the attorney general under law regarding deceptive consumer sales; and (2) in addition to the penalties prescribed for deceptive consumer sales, a person that knowingly or intentionally violates these provisions may be ordered to forfeit one or both of: (A) the amount of the charges assessed to users of the person's virtual currency kiosks in Indiana during the period of the violation; and (B) any virtual currency kiosk operated by the operator in Indiana. Provides that the attorney general may bring an enforcement action against: (1) the operator of a virtual currency kiosk that gives rise to a violation; and (2) the owner of the premises on which the virtual currency kiosk is located if the owner knowingly or intentionally permitted the violation.
02
Impact analysis
✦ AI analysisModeled effects across six domains, estimated from bill text and comparable legislation.
Economy
Critical outlook
40%
Benefits
- Protects consumers from predatory high-fee financial services
- Reduces exposure to common financial scams at retail locations
- Standardizes financial service oversight within the state
Risks
- Causes immediate loss of revenue for kiosk hardware operators
- Results in lost transaction commissions for host retail businesses
- Eliminates a specific financial services business model in Indiana
Society
Mixed / Neutral
55%
Benefits
- Shields vulnerable populations from high-pressure financial transactions
- Promotes usage of more stable, traditional banking infrastructure
- Reduces incidents of financial exploitation in local communities
Risks
- Limits access to digital asset participation for underbanked residents
- Creates friction for users who rely on physical cash-to-digital rails
- May disrupt daily operations for retail sites previously hosting kiosks
Technology Industry
Critical outlook
30%
Benefits
- Defines clear legal status for kiosk technology in the state
- Reduces the presence of unregulated digital-to-physical financial infrastructure
- Aligns state infrastructure with more regulated financial norms
Risks
- Effectively bans a specific sector of the kiosk and digital asset industry
- Creates a negative regulatory environment for fintech startups in Indiana
- Imposes forfeiture penalties that discourage local investment in kiosk tech
Civic Accountability
Positive outlook
75%
Benefits
- Expands Attorney General authority to enforce consumer protection standards
- Provides a clear, actionable legal framework for local law enforcement
- Increases oversight of the digital-physical intersection in finance
Risks
- Grants broad discretion to the Attorney General regarding kiosk forfeiture
- Relies on existing deceptive sales law, which may be ambiguous for kiosks
- Creates potential for aggressive litigation against small businesses
Public Health & Safety
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
03
How trustworthy & consequential it is
Sourcing already shown above, this is what the analysis found worth flagging.
Source
OpenStates
Official bill text or data from OpenStates.
Confidence
Low
Information is limited or incomplete.
Analysis basis
OpenStates summary
Source used for this bill's analysis.
Source note
LegiScan returned a PDF-only document. PDF extraction is not enabled in this build, so the pipeline used a safer fallback.
Analysis scope
Source provided is a summary; full statutory text was not reviewed.
04
Where it stands
Official record- IntroducedCurrent
- CommitteeUpcoming
- Chamber votesUpcoming
- Final agreementUpcoming
- GovernorUpcoming
- EnactedUpcoming
05
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06
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