DEATH BETS Act

This bill, known as the DEATH BETS Act, would amend the Commodity Exchange Act to ban registered trading platforms from listing or clearing contracts related to war, terrorism, assassination, or individual deaths. It directly affects financial exchanges and clearinghouses that currently offer event-based betting contracts on these sensitive topics. The law would require the Commodity Futures Trading Commission to determine whether a specific contract involves or references these prohibited activities before allowing it to be traded. By adding these restrictions to Section 5c of the Commodity Exchange Act, the bill aims to prevent the formal trading of contracts tied to tragic or violent events.