Will a law prohibiting the operation of horse-drawn carriages for hire have become law in New York City before Jan 1, 2027?

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Source

Kalshi ✓ Verified source

Event cutoff

Jan. 1, 2027, 4:59 a.m. UTC

Rules

If a law prohibiting the operation of horse-drawn carriages for hire has become law in New York City before Jan 1, 2027, then the market resolves to Yes.

Enactment requires completion of all constitutional and legal requirements for the legislation to become binding law.

Standard legislation requiring executive approval: final passage by all required legislative bodies, executive signature OR becoming law despite executive inaction OR successful veto override, and satisfaction of any required waiting periods
Legislation not requiring executive approval: final passage and completion of required waiting periods
Constitutional amendments: passage with required supermajorities and completion of ratification processes
Executive orders: official signature, publication in official government records, and legal effectiveness

The following do NOT constitute enactment:

Legislative passage without completed executive action
Passage by only some required bodies
Provisional passage
Non-binding resolutions
Draft orders

Enactment occurs when all requirements are completed, regardless of pending judicial challenges. A law counts once enacted even if its prohibition takes effect after Jan 1, 2027, such as a phase-out ending carriage operations in 2028.

A qualifying law prohibits horse-drawn carriages for hire (horse drawn cabs) from operating, either throughout New York City or in Central Park. Laws passed by New York State count if they apply to New York City. Heat, weather, route, hours, rest or training rules, hitching posts, a cap or freeze on licenses, and a study or task force do NOT qualify unless the law also prohibits carriages from operating.