The DEATH BETS Act would prohibit futures exchanges and trading platforms from listing or clearing contracts that bet on harmful events like terrorism, assassination, war, or individual deaths. The bill amends the Commodity Exchange Act to explicitly ban these types of speculative contracts, which critics argue exploit tragedy and create perverse incentives. The legislation applies to all registered exchanges and clearing organizations and gives the federal Commodity Futures Trading Commission authority to determine what activities fall under this prohibition. No specific funding or implementation timeline is mentioned in the bill text, though the measure would primarily affect commodity trading platforms and their regulatory oversight.
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.