State • New York

A 9251: Relates to prediction markets

Clyde VanelIntroduced

A 9251 status: Introduced — PRINT NUMBER 9251B (updated Aug 17, 2026).

1

What this bill does

Overall score

Score65/100 civic fit
RiskLow risk
ImpactHigh impact 75/100

Bill summary

Official

This law sets new rules and limits for betting on the future.

Key analysis

Constitutionality70%
Bipartisan50%
Public opinion80%
2

Impact analysis

Environment

Mixed / Neutral
50%

Benefits

  • No material impact on the sector

Risks

  • No material impact on the sector

Economy

Critical Outlook
40%

Benefits

  • Establishes clear rules of the road for fintech operators
  • Prevents market manipulation and potential fraud

Risks

  • Explicitly bans entire classes of prediction markets
  • Increases compliance costs for technology platforms

Society

Positive Outlook
70%

Benefits

  • Prevents predatory gambling on tragic events
  • Mandates robust consumer protection and addiction warnings
  • Strict age verification improves minor protection

Risks

  • Limits individual choice in speculative activity
  • Possible restriction on expression-based prediction markets
3

How trustworthy & consequential it is

Source

LegiScan

Confidence

high

high

Analysis status

LegiScan full bill text

Warning

Potential First Amendment challenges regarding the broad prohibition of political markets

Limitation

Does not account for future judicial interpretation of political markets as protected speech

4

Where it stands

1

Introduced

Current

PRINT NUMBER 9251B

2

Committee

Upcoming
3

Floor

Upcoming
4

Governor

Upcoming
5

Enacted

Upcoming
5

How it affects your district

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6

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