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A10538 Summary:

BILL NOA10538
 
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Establishes the proposition betting task force to examine, evaluate and make recommendations concerning proposition betting, with particular consideration of under bets.
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A10538 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          10538
 
                   IN ASSEMBLY
 
                                      March 9, 2026
                                       ___________
 
        Introduced  by M. of A. BORES -- read once and referred to the Committee
          on Racing and Wagering
 
        AN ACT establishing the proposition betting task  force;  and  providing
          for the repeal of such provisions upon expiration thereof
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. 1. An independent proposition betting task force is  hereby
     2  created  and  established  to examine, evaluate and make recommendations
     3  concerning proposition betting, with particular consideration  of  under
     4  bets.
     5    2.  For  the  purposes of this act, the following terms shall have the
     6  following meanings:
     7    (a) "Proposition bet" means a sports wager made regarding  the  occur-
     8  rence  or  nonoccurrence  of  a  specific act, statistic, or other event
     9  during a sports event that is not dependent on the final outcome of such
    10  sports event; and
    11    (b) "Under bet" means a sports wager on the individual performance  of
    12  an  athlete,  including  a  specific  act,  play or event involving such
    13  athlete, in which the winning outcome is conditioned upon  such  athlete
    14  achieving  or  being  credited  with  less than a stated number, amount,
    15  threshold, or other quantitative measure of performance,  including  but
    16  not  limited  to  points, rebounds, assists, yards, goals, hits, strike-
    17  outs, saves, or minutes played.
    18    3. (a) Such task force shall consist of four  directors  appointed  as
    19  follows:
    20    (i) two members appointed by the governor;
    21    (ii)  one  member  appointed by the temporary president of the senate;
    22  and
    23    (iii) one member appointed by the speaker of the assembly.
    24    (b) All appointments to the task force shall be made on or before July
    25  first, two thousand twenty-six. Any vacancies shall  be  filled  in  the
    26  same manner as the original appointment.
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD15197-01-6

        A. 10538                            2
 
     1    (c)  The  members  of the task force shall receive no compensation for
     2  their services, but shall be allowed their actual and necessary expenses
     3  incurred in the performance of their duties.
     4    4.  The  task  force shall study and prepare a report on the following
     5  topics:
     6    (a) The types, prevalence, wagering  volume,  and  revenue  associated
     7  with under bets offered in New York;
     8    (b) Integrity risks presented by under bets;
     9    (c) The economic impacts of under bets on entities authorized to offer
    10  sports wagers, and the state's sports wagering market;
    11    (d)  The  impacts of under bets on athletes, including but not limited
    12  to, harassment, threats, or other harms  directed  at  athletes  arising
    13  from under bets;
    14    (e)  The  impacts  of  under  bets  on the governance and integrity of
    15  sports events;
    16    (f) The impacts of under bets on consumers, including  public  percep-
    17  tion, consumer protection, and problem gambling;
    18    (g)  The  role of sports integrity monitoring systems, fraud detection
    19  mechanisms, and law enforcement in identifying  unlawful  or  suspicious
    20  activity  relating  to under bets, and the extent to which such activity
    21  is reported to integrity monitoring systems;
    22    (h) Conflicts of interest or  other  vulnerabilities  associated  with
    23  under bets;
    24    (i) Potential solutions to risks, integrity concerns, and other issues
    25  arising  from  under  bets,  and the potential risks and impacts of such
    26  solutions;
    27    (j) The above listed topics as they relate to proposition bets  gener-
    28  ally; and
    29    (k)  Existing  laws,  policies and practices related to under bets and
    30  proposition bets and legislative or administrative  actions  recommended
    31  to address them.
    32    5.  (a)  In carrying out its duties pursuant to this section, the task
    33  force shall consult with  relevant  stakeholders,  organizations,  state
    34  agencies and relevant subject matter experts representing, to the extent
    35  practicable,  relevant  expertise,  experience  and knowledge concerning
    36  proposition bets and sports wagering, including but not limited  to  the
    37  following:
    38    (i)  the  sports  wagering industry, including sportsbook operators or
    39  mobile sports wagering licensees;
    40    (ii) regulation and oversight of sports wagering, including  represen-
    41  tatives of the state gaming commission or individuals with experience in
    42  gaming regulation;
    43    (iii)  academic or policy research relating to sports wagering, gambl-
    44  ing behavior, or the economic and social impacts of gambling;
    45    (iv) economics, statistics, finance, tax revenue,  or  related  disci-
    46  plines relevant to sports wagering markets;
    47    (v)  consumer  protection, problem gambling prevention, or responsible
    48  gaming advocacy; and
    49    (vi) professional sports leagues, collegiate athletic associations, or
    50  other organizations responsible for  the  governance  and  integrity  of
    51  sports events.
    52    (b)  The  state gaming commission and mobile sports wagering licensees
    53  shall cooperate with the task force and provide aggregated  and  anonym-
    54  ized data to the extent permitted by law.

        A. 10538                            3
 
     1    (c)  The  task force may hold public hearings, solicit public comment,
     2  and request information from relevant stakeholders as it deems necessary
     3  to carry out its duties.
     4    6.  (a)  On  or before December thirty-first, two thousand twenty-six,
     5  the task force shall submit a report of its findings and recommendations
     6  to the governor, the temporary president of the senate, and the  speaker
     7  of the assembly.
     8    (b)  Such report shall include findings on the topics listed in subdi-
     9  vision four of this section.
    10    (c) Upon submission, such report shall be made publicly available  and
    11  posted on the website of the New York state gaming commission.
    12    §  2.  This  act shall take effect immediately and shall expire and be
    13  deemed repealed ninety days after the submission of the report  required
    14  pursuant  to section one of this act; provided that the chair of the New
    15  York state gaming commission shall notify the legislative bill  drafting
    16  commission upon the submission of the report provided for in subdivision
    17  6  of  section one of this act in order that the commission may maintain
    18  an accurate and timely effective data base of the official text  of  the
    19  laws  of  the  state  of  New  York  in  furtherance of effectuating the
    20  provisions of section 44 of the legislative law and section 70-b of  the
    21  public officers law.
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