NYS Sen. Jeremy Cooney (D) and NYS Asm. Phil Palmesano (R-Corning), May 1st, 2026

NYS Senator Jeremy Cooney discusses his legislation aimed at creating more State regulation around prediction markets, while NYS Assemblymember Phil Palmesano talks about the late State budget, and his remarks on the floor. [0:00:00] NYS Senator Jeremy Cooney [0:00:52] What Are Prediction Markets? – Popularity, NYC mayoral race, consumer risk [0:02:52] Cooney’s Proposal – DFS oversight, licensing, comparison to other financial products [0:04:12] Sports Betting Angle – Role of Gaming Commission, federal-state turf issues [0:07:49] Ethics and State Worker Ban – Hochul’s order, insider info, need for consistent rules [0:12:24] Asm Phil Palmesano and the late NYS Budget [0:12:39] Palmesano on Energy Bills – Disconnect with voters, push for direct ratepayer relief [0:15:51] Climate Law and Costs – Natural gas vs renewables, NYSERDA memo, cost impacts [0:19:01] Transparency and Power Balance – One-party control, governor vs legislature, delays [0:21:30] Utility Deferment Bill – Asm. Hooks’ proposal, optics of benefiting lawmakers Learn more about your ad choices. Visit megaphone.fm/adchoices