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119-hr-7942119th CongressWALLET

DEATH BETS Act

Sponsored By: Representative Levin, Mike [D-CA-49]

In Committee

Summary

Bans the listing or clearing of exchange contracts tied to war, terrorism, assassination, or an individual's death. It adds a new subsection to Section 5c of the Commodity Exchange Act that prohibits registered entities from listing or accepting for clearing contracts that reference those activities and uses the Act's "excluded commodity" definition to set scope.

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  • Registered entities and exchanges are prohibited from listing for trading or accepting for clearing any contract-based instrument that involves, relates to, or references terrorism, assassination, war, or similar activities.
  • Contracts that involve or closely correlate to an individual's death are also barred from listing or clearing, narrowing event-trading product offerings.
  • The Commodity Futures Trading Commission determines which references or activities are covered and enforces the prohibition under its existing authority.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

Exchanges barred from death-related contracts

If enacted, registered exchanges and clearinghouses would not be able to list or accept for clearing contracts based on an "excluded commodity" that reference terrorism, assassination, or war. They also would not be able to list contracts that involve or closely relate to an individual's death. The Commodity Futures Trading Commission would decide what counts as similar activity. This would take effect upon enactment.

Sponsors & CoSponsors

Sponsor

Levin, Mike [D-CA-49]

CA • D

Cosponsors

  • Rep. Moore, Blake D. [R-UT-1]

    UT • R

    Sponsored 10/22/2026

  • Rep. Moulton, Seth [D-MA-6]

    MA • D

    Sponsored 3/25/2026

Roll Call Votes

No roll call votes available for this bill.

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