This bill would prohibit betting and financial contracts based on the outcomes of political elections or contests. It amends federal commodity trading laws to ban agreements, contracts, transactions, and swaps that allow people to gamble on election results, including any related indices or measures. The legislation applies to all registered trading exchanges and clearing houses, effectively closing off any legal market for election-related bets in the United States. The bill was introduced in September 2024 and referred to the Senate Agriculture Committee but does not specify any particular funding or implementation timeline.
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