S10410 • 2025

Prohibits the use of confidential information in predictive markets

Labor

Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor: Robert Rolison
Last action: 2026-05-15
Official status: In Senate Committee
Effective date: Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Prohibits the use of confidential information in predictive markets

Prohibits the use of confidential information in predictive markets Prohibits members of the legislature and legislative employees from using confidential or non-public information to personally profit or assist another person in personally profiting in predictive markets.

What This Bill Does

Prohibits the use of confidential information in predictive markets Prohibits members of the legislature and legislative employees from using confidential or non-public information to personally profit or assist another person in personally profiting in predictive markets.

Limits and Unknowns

This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

2026-05-15 Senate
REFERRED TO ETHICS AND INTERNAL GOVERNANCE

Official Summary Text

Prohibits the use of confidential information in predictive markets
Prohibits members of the legislature and legislative employees from using confidential or non-public information to personally profit or assist another person in personally profiting in predictive markets.

Current Bill Text

Read the full stored bill text

S T A T E   O F   N E W   Y O R K
        ________________________________________________________________________

                                          10410

                                    I N  S E N A T E

                                      May 15, 2026
                                       ___________

        Introduced  by  Sen. ROLISON -- read twice and ordered printed, and when
          printed to be committed to the Committee on Ethics and Internal Gover-
          nance

        AN ACT to amend the public officers law, in relation to prohibiting  the
          use of confidential information in predictive markets

          THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
        BLY, DO ENACT AS FOLLOWS:

     1    Section 1. Subdivision 3 of section 74 of the public officers  law  is
     2  amended by adding a new paragraph j to read as follows:
     3    J. NO MEMBER OF THE LEGISLATURE, OR LEGISLATIVE EMPLOYEE SHALL USE ANY
     4  CONFIDENTIAL  OR  NON-PUBLIC INFORMATION OBTAINED IN THE COURSE OF THEIR
     5  OFFICIAL DUTIES TO PERSONALLY PROFIT OR AVOID  LOSS  IN  THE  PREDICTIVE
     6  MARKETS  OR  ASSIST  ANOTHER  PERSON, INCLUDING A SPOUSE, CHILD OR OTHER
     7  FAMILY MEMBER, OR OTHERS IN PROFITING  OR  AVOIDING  LOSS  FROM  PARTIC-
     8  IPATION  IN PREDICTIVE MARKETS. FOR PURPOSES OF THIS PARAGRAPH, THE TERM
     9  "PREDICTIVE MARKETS" SHALL MEAN ANY EXCHANGE TRADED PLATFORM OR  SERVICE
    10  WHERE PARTICIPANTS BUY AND SELL CONTRACTS BASED ON THE OUTCOME OF FUTURE
    11  EVENTS  INCLUDING  BUT  NOT  LIMITED  TO POLITICAL, ECONOMIC, WEATHER OR
    12  OTHER CONTINGENCIES.
    13    § 2. This act shall take effect immediately.





         EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD15434-02-6