HB7942: DEATH BETS Act Discouraging Exploitative Assassination, Tragedy, and Harm Betting in Event Trading Systems Act
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
To amend the Commodity Exchange Act to prohibit the listing of contracts relating to war, death, and similar activities.
Plain-language summary
The DEATH BETS Act would amend federal financial law to prohibit exchanges from listing certain types of contracts that bet on war, death, or similar harmful events. The bill targets what are called 'event contracts'—financial bets on specific real-world occurrences traded on commodities exchanges. It affects financial markets and exchanges that currently allow such contracts. The bill was recently introduced in Congress and is in its early stage.
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HB7942: DEATH BETS Act Discouraging Exploitative Assassination, Tragedy, and Harm Betti…