SiaPredict DailySeptember 29, 2026
Top line
Little new landed in the last 24 hours after a heavy week of appellate and state litigation. New York's legislature is now weighing two competing frameworks for regulating prediction markets, and the gaming industry's main trade show turned into an organized front against sports event contracts.
Today's top 2
- 1Regulatory
New York lawmakers weigh competing prediction-market frameworks as AG and Polymarket litigate
Alongside Attorney General Letitia James's September 24 suit against Polymarket, Spectrum News reports that Albany has two competing bills in play: a proposal from Assemblymember McDonald that would license prediction-market platforms through the Department of Financial Services, and Senator Addabbo's ORACLE Act, which would set state rules, a 21+ age limit, and prohibitions on certain market categories.
Spectrum NewsSia's Take
This action by the State of New York shows that state legislatures are taking similar steps to those taken by the federal government to regulate prediction market operators. The split between a financial-derivatives model and a gaming model matters operationally, because it will shape which New York regulator operators ultimately answer to if the preemption fight is not resolved in their favor.
- 2Industry
At G2E, the American Gaming Association leads an organized push against prediction markets
Covers reports that the Global Gaming Expo, held September 28-29, was dominated by opposition to sports event contracts, with AGA CEO Bill Miller accusing operators of stretching federal commodity law and tribal gaming leaders backing the effort. The report cites 45 of 50 state attorneys general on record against sports-focused contracts and states winning 38 of 43 rulings, figures that operators should treat as a trade-press tally rather than an official count. Expect this coalition to keep pressing state legislatures and the Supreme Court petition process.
Covers.com