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California state senator introduces legislation targeting self-preferencing

( March 18, 2026, 22:17 GMT | Official Statement) -- MLex Summary: California State Senator Scott Wiener, a San Francisco Democrat, announced the Blocking Anticompetitive Self-preferencing by Entrenched Dominant platforms (BASED) Act, which is sponsored by Y Combinator and Economic Security California Action. Wiener said in a statement that the legislation will restore competition to the digital marketplace by prohibiting any digital platform with a market capitalization greater than $1 trillion and serving 100 million or more monthly users in the US, from favoring their own products and services on the platforms they operate.Statement follows below:...

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