New York A06937 mandates that all withdrawal transactions via mobile sports wagering services must be irreversible.

New York A06937 amends the racing, pari-mutuel wagering, and breeding law to require that all withdrawal transactions made through a service provided by a mobile sports wagering licensee be irreversible by the withdrawing consumer, the licensee, or another at the consumer's request. Violators face a civil penalty of up to $25,000 per day. Any contract provision that contradicts this requirement is void. This act takes effect 90 days after it becomes law.

New York A06937 mandates that all withdrawal transactions via mobile sports wagering services must be irreversible.

New York A06937 amends the racing, pari-mutuel wagering, and breeding law to require that all withdrawal transactions made through a service provided by a mobile sports wagering licensee be irreversible by the withdrawing consumer, the licensee, or another at the consumer's request. Violators face a civil penalty of up to $25,000 per day. Any contract provision that contradicts this requirement is void. This act takes effect 90 days after it becomes law.