Congress·In Committee·S. 4115
BETS OFF Act
Banning Bets on Wars and Government Actions
Legislative Progress
Senate
Key Points
- The BETS OFF Act would ban people from betting on sensitive global and government events. This includes wagering on the outcomes of wars, terrorist attacks, assassinations, or other major government actions that are not strictly about the economy.
- The bill aims to prevent people from making money off of tragedies or using secret government information to win bets. It specifically targets "event contracts" often found on newer trading websites where users gamble on real-world news outcomes.
- This law would not affect standard insurance. People and businesses could still buy insurance for things like floods, crops, or terrorism because those are meant to protect against financial loss rather than serve as a gamble for profit.
- If passed, the Attorney General could sue anyone who helps organize or places these bets. The bill also updates federal gambling and racketeering laws to include these types of wagers, making them officially illegal across the country.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
2 milestones2 actions
Mar 17, 2026
Read twice and referred to the Committee on the Judiciary.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Mar 17, 2026
Introduced in Senate
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
BETS OFF Act
Bill NumberS 4115
Congress119th Congress
ChamberSenate
Latest ActionRead twice and referred to the Committee on the Judiciary.
Data Sources
Sponsor
Cosponsors
(1)D: 1
Analysis generated by AI. Always verify with official sources.