Ban Gambling on Elections Act of 2024

This bill prohibits financial exchanges from listing or trading bets on election outcomes or related financial instruments. It directly affects betting platforms, bookmakers, and financial institutions that facilitate such wagers by banning agreements, contracts, or swaps tied to political elections or contests. The law amends the Commodity Exchange Act to explicitly forbid any transaction involving election results, including indices or data tied to election events. This creates a clear regulatory barrier against gambling markets speculating on election results.