New York Assembly Bill A10538

New York 2025-2026 Regular Session

• Introduced: 3/9/26
• Refer: 3/9/26
• Report Pass: 3/11/26
• Engrossed: 3/24/26
• Refer: 3/24/26

Caption

Establishes the proposition betting task force to examine, evaluate and make recommendations concerning proposition betting, with particular consideration of under bets.

Expiry

The act is designed to be temporary, with provisions for repeal 90 days after the task force's report is submitted, ensuring that this evaluation is both timely and relevant. This sunset clause reflects the legislative intent to re-evaluate the necessity and efficacy of such an oversight task force, keeping state legislation responsive to changes in the sports betting environment.

Impact

The task force is directed to assess the types, volume, and revenue associated with under bets and evaluate the integrity risks they present to both athletes and the sports betting industry. Particular attention will be given to the economic implications of these bets on entities licensed to offer sports wagering within New York, as well as on the athletes involved. The findings will contribute to a broader understanding of how under bets affect not just the financial landscape but also the welfare and safety of athletes, as there are concerns regarding harassment and threats that may arise from these bets.

Summary

Bill A10538 establishes the Proposition Betting Task Force in New York, aimed at examining and evaluating proposition betting, with a specific focus on under bets. Under bets are defined as wagers related to an athlete's performance that do not rely on the final outcome of the sporting event. This bill intends to create a structured review of the practices surrounding these types of bets, which have become increasingly prevalent in the state's sports betting market. The task force will consist of four directors appointed by various political leaders, including the governor, and will be tasked with studying various aspects of under bets, including their prevalence and potential economic impact.

Contention

Notably, the bill anticipates potential areas of contention, which may arise from issues such as consumer protection and gambling risks associated with increased wagering activity. Stakeholders will be consulted throughout the process, indicating that diverse perspectives, including those from the sports industry and advocacy groups, may prove crucial in shaping the final recommendations put forth by the task force. The bill includes provisions for public commentary and hearings to address stakeholder concerns, fostering transparency as the task force conducts its assessments and reports on the findings.