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.
STATE OF NEW YORK
________________________________________________________________________
10410
IN SENATE
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
