[New York State Legislature Submits Prediction Market Regulation Bill, Proposes Ban on Political and Sports Event Contracts] In November 2025, the New York State Legislature reintroduced the 'ORACLE Act,' proposing to regulate event contracts by adding Chapter 48 'Prediction Markets' to the General Business Law. The bill suggests prohibiting the trading of contracts related to political and sports events and establishes regulations such as age restrictions, market entry conditions, advertising limitations, and anti-manipulation provisions. Although the ban covers specific types of events, neutral outcomes like 'league results' may still be tradable, as regulators aim to strike a balance between innovation and risk.