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Senate Bill S10410

2025-2026 Legislative Session

Prohibits the use of confidential information in predictive markets

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Current Bill Status - In Senate Committee Ethics And Internal Governance Committee

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2025-S10410 (ACTIVE) - Details

Current Committee:
Senate Ethics And Internal Governance
Law Section:
Public Officers Law
Laws Affected:
Amd §74, Pub Off L

2025-S10410 (ACTIVE) - Summary

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.

2025-S10410 (ACTIVE) - Bill Text download pdf 

                             
                     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:

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

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