Yes, it is. Bovada (not licensed in NYS) is among the many famed online gambling brands serving to the US peoples. It is not illegal to play online at Bovada in NY but, players can’t complain about the safety.
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Till recently, the Canada headquartered online gambling and poker brand accepts players across the US. In 2016, Bovada made an exit from the US market. Later on return this online brand re-opens to the NY players once again.
Only the old Bovada members can bet and gamble on the Bovada site. Due to changed NY gambling laws you are not allowed to sign up a new account. Now, Bovada operates in grey segment as a self-licensed online sportsbook.