Assembly BillIntroduced
A 6937: Requires all withdrawal transactions made through a service provided by a mobile sports wagering licensee to be irreversible by the withdrawing consumer, the licensee or another at the consumer's request.
What A 6937 does, verified February 3, 2026
The proposed law aims to protect consumers in the context of online gambling and wagering services. It prohibits service providers from making withdrawal actions irreversible, giving consumers the right to withdraw funds at any time. Violating this provision will result in a daily civil penalty of up to $25,000 for persistent offenses. Any contract provisions that eliminate or reduce consumer rights under this law are deemed void. The law will take effect 90 days after it is enacted.
Bill journey
1IntroducedCurrent
2In CommitteePending
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: referred to racing and wagering (2026-01-07)Alert me
Quick answers about A 6937
- What is the current status of A 6937?
- As of February 3, 2026, A 6937 is recorded as "Introduced": it has been introduced and is waiting for its first committee hearing or floor vote. The last recorded action, on January 7, 2026, was "referred to racing and wagering".
- Did A 6937 pass?
- Not yet. A 6937 has been introduced and has not passed either house.
- Who wrote A 6937, and where is it now?
- A 6937 was authored by Asm. Clyde Vanel with 1 coauthor. Its committee of record is Assembly Racing & Wagering.
Author and sponsors
Full contact details, staff, and committees with Connect, $16/moUnlockRecent actions4 total · showing 4
| Jan. 07, 2026 | referred to racing and wagering |
| May. 14, 2025 | print number 6937a |
| May. 14, 2025 | amend and recommit to racing and wagering |
| Mar. 18, 2025 | referred to racing and wagering |
Latest bill textIntroduced version, March 18, 2025 · 288 words
STATE OF NEW YORK ________________________________________________________________________ 6937 2025-2026 Regular Sessions IN ASSEMBLY March 18, 2025 ___________ Introduced by M. of A. VANEL -- read once and referred to the Committee on Racing and Wagering AN ACT to amend the racing, pari-mutuel wagering and breeding law, in relation to prohibiting reversible withdrawals The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The racing, pari-mutuel wagering and breeding law is 2 amended by adding a new section 1368 to read as follows: 3 § 1368. Reversible withdrawals prohibited. 1. All withdrawal trans- 4 actions made through a service provided by an entity licensed under this 5 chapter shall be irreversible by the withdrawing consumer, the licensee 6 or another at the consumer's request. 7 2. Any licensee which violates the provisions of this section shall 8 incur a civil penalty of ten thousand dollars per day such withdrawals 9 are permitted to be withdrawn. Where the commission determines that a 10 licensed entity has engaged in a persistent course of conduct in 11 violation of this section, such licensee shall incur a civil penalty not 12 to exceed twenty-five thousand dollars per day such withdrawals are 13 permitted to be withdrawn. 14 3. Any provision in a contract between a person and an entity which 15 eliminates or augments a person's rights with respect to the provisions 16 of this section shall be void. 17 § 2. This act shall take effect on the ninetieth day after it shall 18 have become a law. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD10860-01-5
Text of A 6937 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions