DEATH BETS Act
Ban on Betting on War and Death
The DEATH BETS Act is currently in the early stages of the legislative process. It was recently sent to the House Committee on Agriculture for review. There are no upcoming votes scheduled at this time, and the bill is still waiting for committee action.
Part of: story →Companion bill: Banning Bets on War and Death →Legislative Progress
This bill was just introduced and has not yet gained support from other lawmakers. Most bills like this stay in committee and never make it to a full vote.
Key Points
- This bill stops people from betting on violent events like wars, terrorism, or assassinations. It changes the law to make sure trading platforms cannot offer contracts that pay out based on whether someone dies or a conflict starts.
- The rule targets prediction markets and trading systems. These are online platforms where people buy and sell shares in the outcome of future events. This bill says those events cannot include tragedies or harm to specific people.
- The goal is to prevent people from making money off of death or global violence. Supporters worry that allowing these bets could create a financial interest in seeing people get hurt or could encourage dangerous behavior.
- If passed, the Commodity Futures Trading Commission would be responsible for deciding which specific activities count as being too similar to war or death to be allowed on the market.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
Referred to the House Committee on Agriculture.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
News
No related news coverage found for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
DEATH BETS Act
Data Sources
Sponsor
Cosponsors
(1)Analysis generated by AI. Always verify with official sources.