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[Jurisdictions](https://advennt.io/jurisdictions/) [New York](https://advennt.io/jurisdictions/new-york/) Licensing and regulation

 New York · Question 02 of 11

# Licensing and regulation: Can we get a licence?

Mixed · Confirmed · AI-generated · [Back to full New York report →](https://advennt.io/jurisdictions/new-york/)

Key section parameters

| Jurisdiction | New York (US-NY) |
|---|---|
| Regulator | Recorded in register |
| Favourability | Mixed |
| Confidence | Confirmed |
| Review status | AI-generated |
| Last collected | 18 Oct 2026 |

Summary answer

This cycle brought one durable statutory change and one aggressive, contested legal theory. Racing, Pari-Mutuel Wagering and Breeding Law Section 912, enacted as Chapter 605 (Senate Bill 5935A) and signed in December 2025, now prohibits the dual-currency online sweepstakes-casino model outright as p…

## Full section analysis

This cycle brought one durable statutory change and one aggressive, contested legal theory. Racing, Pari-Mutuel Wagering and Breeding Law Section 912, enacted as Chapter 605 (Senate Bill 5935A) and signed in December 2025, now prohibits the dual-currency online sweepstakes-casino model outright as primary legislation. Separately, the Attorney General's suit against Coinbase Financial Markets and Gemini/Titan asserts that prediction-market and event-contract products meet New York's constitutional and statutory definition of wagering regardless of the platforms' federal CFTC designated-contract-market registration, seeking disgorgement, treble civil fines, customer restitution, an under-21 access ban, and a campus marketing ban. If sustained, that theory would functionally extend NYSGC licensing jurisdiction to a product category that has so far relied on federal registration as a basis for operating unlicensed at the state level. The statutory ban is settled law; the prediction-market theory remains contested and unresolved.