Enacts the ORACLE act to regulate prediction markets in New York, setting age restrictions, prohibiting certain markets, and imposing advertising and.
The ORACLE act, enacted to regulate prediction markets in New York, mandates age restrictions, prohibiting users under 21 from participating. It bans markets related to catastrophic events, politics, death, security, and athletic events. Providers must implement at-risk trading measures, including account suspension and mandatory HOPE NY hotline inclusion in ads. Credit-based products and gift certificates are banned, and market makers must not engage in gaming activities.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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