Consumer Affairs and Protection

New York State Bill A 9251 prohibits prediction market platforms from allowing New York residents to trade on specific types of events, including political elections, athletic competitions, deaths, and catastrophic incidents such as wars or natural disasters. The legislation defines these restricted categories in detail and explicitly bans "unlawful commodity" markets where the underlying activity violates state or federal law. Platforms that violate these restrictions face civil penalties ranging from $10,000 to $50,000 per violation, with fines increasing to twice the profits derived or $50,000 for prohibited market types. Additionally, providers who continue operating after a court order to cease operations in the state incur a penalty of $1 million per day, and the Attorney General is granted authority to enforce these rules and issue necessary regulations.

Prohibits manufacturers from importing and selling certain household cleaning products that use animal testing, if the animal testing was conducted on or after January first, two thousand twenty-eight.

Requires entities that access a consumer's consumer credit report to notify such consumer of their right to obtain a security freeze, in addition to other information necessary to place, temporarily lift or permanently lift such security freeze; prohibits notices to consumers of their right to obtain a security freeze from containing advertising for paid services.

Enacts the "fair cart act"; establishes safeguards against deceptive algorithmic pricing practices; outlines permitted pricing practices and safe harbors; requires consumer pricing transparency; provides for compliance guidance and enforcement and educational outreach.

Enacts the "New York fundamental artificial intelligence requirements in (FAIR) news act"; provides transparency requirements for news media content composed, authored, or otherwise created through generative AI.