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While Prediction Market And Event Contract Platforms Have Gained Popularity And Expanded Operations, These Entities Are Not Licensed By The Commission To Offer Sports Wagering In New York State And Are Operating Unlawfully.
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The Objects Of This Act Are As Follows— A To Ensure The Integrity Of Racing In The Public Interest, B To Ensure That Certain Betting Activities By Licensed Bookmakers Are Conducted Properly, C To Minimise The Adverse Social Effects Of Lawful Gambling, D To Protect A Source Of Public Revenue That Is Derived From Lawful Gambling.
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