New York legislators are set to examine a bill that proposes banning specific types of contracts related to sports and political events. According to reports, the bill targets prediction markets, potentially impacting platforms that allow users to speculate on the outcomes of these events. The development signals a move toward regulating or restricting certain forms of event-based trading within the state. The bill's implications for the broader prediction market industry remain to be seen as it progresses through the legislative process.

New York legislators are set to examine a bill that proposes banning specific types of contracts related to sports and political events. According to reports, the bill targets prediction markets, potentially impacting platforms that allow users to speculate on the outcomes of these events. The development signals a move toward regulating or restricting certain forms of event-based trading within the state. The bill's implications for the broader prediction market industry remain to be seen as it progresses through the legislative process.