Assembly Bill A11414

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   11414
 
                           I N  A S S E M B L Y
 
                               May 15, 2026
                                ___________
 
 Introduced  by  COMMITTEE ON RULES -- (at request of M. of A. Wright) --
   read once and referred to the Committee on Racing and Wagering
 
 AN ACT to amend the racing, pari-mutuel wagering and  breeding  law,  in
   relation to the "fair play policy" for sports wagering
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. Subdivision 4 of section 1367 of  the  racing,  pari-mutuel
 wagering  and breeding law, as amended by section 3 of part Y of chapter
 59 of the laws of 2021, is amended to read as follows:
   4. Except as otherwise provided by this article, the commission  shall
 have  the  authority  to regulate sports pools and the conduct of sports
 wagering under this article to the same extent that the commission regu-
 lates other gaming. No casino or mobile sports wagering  licensee  shall
 be  authorized  to operate a sports pool unless it has produced informa-
 tion, documentation, and assurances concerning its financial  background
 and  resources,  including  cash reserves, that are sufficient to demon-
 strate that it has the financial stability, integrity, and  responsibil-
 ity to operate a sports pool. In developing rules and regulations appli-
 cable  to  sports wagering, the commission shall examine the regulations
 implemented in other states  where  sports  wagering  is  conducted  and
 shall,  as far as practicable, adopt a similar regulatory framework. The
 commission shall promulgate  regulations  necessary  to  carry  out  the
 provisions  of  this section, including, but not limited to, regulations
 governing the:
   (a) amount of cash reserves to be maintained  by  casinos  and  mobile
 sports wagering licensees to cover winning wagers;
   (b) acceptance of wagers on a series of sports events;
   (c)  maximum wagers which may be accepted by a casino or mobile sports
 wagering licensee from any one patron on any one sports event;
   (d) type of wagering tickets which may be used;
   (e) method of issuing tickets;
   (f) method of accounting to be  used  by  casinos  and  mobile  sports
 wagering licensees;
   (g) types of records which shall be kept;
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

                                                            LBD14030-02-6
 A. 11414                            2
 
   (h) use of credit and checks by authorized sports bettors;
   (i) the process by which a casino may place a layoff bet;
   (j) the use of global risk management;
   (k) type of system for wagering; [and]
   (l) protections for a person placing a wager; AND
   (M) FAIR PLAY POLICIES PURSUANT TO SUBDIVISION FIVE OF THIS SECTION.
   § 2. Subdivision 5 of section 1367 of the racing, pari-mutuel wagering
 and breeding law, as amended by section 3 of part Y of chapter 59 of the
 laws of 2021, is amended to read as follows:
   5.  (A)  Each  casino  and mobile sports wagering licensee shall adopt
 comprehensive house rules AND IMPLEMENT A  FAIR  PLAY  POLICY  governing
 sports  wagering  transactions  with  its authorized sports bettors. The
 rules shall specify the amounts to be paid on  winning  wagers  and  the
 effect of schedule changes. The house rules, together with THE FAIR PLAY
 POLICY AND any other information the commission deems appropriate, shall
 be conspicuously displayed in the sports wagering lounge and included in
 the  terms  and  conditions  of  the account wagering system, and copies
 shall be made readily available to  authorized  sports  bettors.  Mobile
 sports  wagering  operators shall develop and prominently display proce-
 dures on the main page of such mobile sports wagering  operator's  plat-
 form  for  the filing of complaints by authorized sports bettors against
 such mobile sports wagering operator. An initial response shall be given
 by such mobile sports  wagering  operator  to  such  bettor  filing  the
 complaint  within  forty-eight hours. A complete response shall be given
 by such mobile sports  wagering  operator  to  such  bettor  filing  the
 complaint within ten business days. An authorized sports bettor may file
 a  complaint alleging a violation of the provisions of this article with
 the commission.
   (B) A FAIR PLAY POLICY SHALL ESTABLISH  CATEGORIES  OF  SPORTS  WAGERS
 ELIGIBLE  FOR  ADJUSTMENT, REFUND OR VOIDING BASED ON OBJECTIVE CRITERIA
 WHEN CIRCUMSTANCES BEYOND THE CONTROL OF  AN  AUTHORIZED  SPORTS  BETTOR
 COMPROMISE THE VALIDITY OR SETTLEMENT OF A SPORTS WAGER.
   (I)  SUCH CATEGORIES SHALL INCLUDE BUT NOT BE LIMITED TO THE FOLLOWING
 CIRCUMSTANCES:
   (A) A PLAYER OR ATHLETE DOES NOT PARTICIPATE IN OR  WITHDRAWS  FROM  A
 SPORTS EVENT;
   (B) AN EVENT IS CANCELLED OR SUSPENDED;
   (C) A STATISTICAL ERROR OR SCORING CORRECTION OCCURS; OR
   (D) OTHER EXTRAORDINARY CIRCUMSTANCES AS DETERMINED BY THE COMMISSION.
   (II)  SUCH  FAIR  PLAY  POLICY SHALL: (A) BE APPLIED WITHOUT REQUIRING
 ACTION BY AN AUTHORIZED SPORTS BETTOR WHERE REASONABLY PRACTICABLE;  (B)
 BE  APPLIED  CONSISTENTLY AND IN A NONDISCRIMINATORY MANNER TO SIMILARLY
 SITUATED AUTHORIZED SPORTS BETTORS;  (C)  REQUIRE  THAT  THE  TERMS  AND
 CONDITIONS  OF  SUCH  POLICY  ARE CLEARLY DISCLOSED TO AUTHORIZED SPORTS
 BETTORS PRIOR TO SPORTS WAGER PLACEMENT; AND (D) BE  READILY  ACCESSIBLE
 ON A MOBILE SPORTS WAGERING LICENSEE'S WEBSITE AND PLATFORM.
   § 3. This act shall take effect on the one hundred eightieth day after
 it shall have become a law.