New York S 10410: Prohibits the use of confidential information in predictive markets

Bill Text

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S10410 Summary:

BILL NOS10410 

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SAME ASNo Same As

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SPONSORROLISON

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COSPNSR

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MLTSPNSR

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Amd §74, Pub Off L

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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.

Go to top S10410 Actions:

BILL NOS10410 

&nbsp

05/15/2026REFERRED TO ETHICS AND INTERNAL GOVERNANCE

Go to topS10410 Committee&nbspVotes:

Go to topS10410 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS10410 Text:

 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

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