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NY A10495
Bill
Status
Introduced
3/6/2026
Primary Sponsor
Rebecca Kassay
Click for details
AI Summary
- Prohibits mobile sports wagering operators in New York from requiring bettors to wager deposited funds before allowing withdrawals
- Guarantees authorized sports bettors the right to withdraw any un-wagered deposited funds at any time
- Permits operators to apply only identity verification and fraud prevention measures approved by the commission before processing withdrawals
- Authorizes the commission to enforce violations and take action against operators with policies that restrict, delay, or condition withdrawals inconsistent with the law
- Takes effect 60 days after becoming law, with immediate authority to develop implementing regulations
Legislative Description
Prohibits mobile sports wagering operators from imposing any condition requiring an authorized sports bettor to wager deposited funds as a prerequisite to withdrawing such funds.
Last Action
referred to racing and wagering
3/6/2026
Committee Referrals
Racing and Wagering3/6/2026
Full Bill Text
No bill text available