Does raise the question of whether this also comes with free immunity from prosecution, or whether the NYAG should just pre-emptively say that anyone signing up for this and trading on the results will be prosecuted under NY state law.

(Critical to the whole thing is unfortunately https://en.wikipedia.org/wiki/Prosecution_of_Donald_Trump_in... , where the judge inexplicably decided to waive sentencing for a felony conviction)

that comes with extra donations

If you want law and policing to work, it needs to be very predictable for everyone. So yes, if there is the least bit of doubt, the NYAG should absolutely say, far in advance, that this will happen.

Because if this isn't the case, then people will be forced to compete by "slightly" violating the law, everyone a little bit more, until the law is a total joke. This has happened in history.