DEATH BETS Act

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.