To amend the Commodity Exchange Act to prohibit wildfire event contracts on prediction markets, and for other purposes.
About This Bill
Committee
Latest Action · August 17, 2026
Referred to the Committee on Agriculture, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
The Wildfire Event Contract Prohibition Act would ban trading contracts on prediction markets that gamble on wildfire events. Specifically, the bill prohibits agreements, contracts, or swaps related to wildfires—including their ignition, location, intensity, spread, containment, or resulting damage—from being listed or traded on registered commodity exchanges or clearing platforms. The legislation is motivated by concerns that such contracts could create financial incentives to start or spread wildfires, undermine confidence in emergency response decisions, and enable exploitation of insider information about fire conditions or evacuation orders. The bill also directs the Attorney General, working with the Commodity Futures Trading Commission and other agencies, to complete a review within 180 days examining existing federal criminal and civil authorities to prosecute wildfire-related trading schemes, assess gaps in current law, and make recommendations for additional legislation if needed.
Take Action
Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.