# 119-hr-7955: BETS OFF Act

119-hr-7955, BETS OFF Act, is a 119th Congress bill sponsored by Rep. Casar, Greg [D-TX-35] (D-TX); status in_committee; PRIA reads it as touching household money (as of 2026-09-21).

- Canonical: https://policyrisk.com/legislation/119-hr-7955
- As of: 2026-09-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-7955
- Congress: 119
- Title: BETS OFF Act
- Status: in_committee
- Introduced: 2026-03-17
- Sponsor: Rep. Casar, Greg [D-TX-35] (D-TX)
- Cosponsors: 7
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-09-21

## Summary

**A federal ban on wagering tied to sensitive government and security events.** This bill makes it illegal to bet on acts of terrorism, assassinations, wars, or any event that is non-financial and is controlled or known in advance, and it folds that ban into criminal and financial-market rules. - Betting platforms and brokers: Makes it unlawful to place, accept, or facilitate wagers on the specified events and lets the Attorney General bring civil suits for injunctions. - Exchanges and market participants: Prohibits listing, clearing, or trading any contract, swap, index, measure, or data tied to those events on registered trading venues. - Federal enforcement and legal scope: Amends racketeering, illegal gambling, unlawful internet gambling, and commodity exchange provisions to cover these wagers while carving out ordinary insurance and federal programs, including the Terrorism Insurance Program, National Flood Insurance Program, and federal crop insurance. The law takes effect 30 days after enactment.

## Cosponsors (7)

- Rep. Amo, Gabe [D-RI-1] (D-RI), 2026-03-17T00:00:00.000Z
- Rep. Ansari, Yassamin [D-AZ-3] (D-AZ), 2026-03-17T00:00:00.000Z
- Rep. Tlaib, Rashida [D-MI-12] (D-MI), 2026-03-17T00:00:00.000Z
- Rep. Magaziner, Seth [D-RI-2] (D-RI), 2026-03-24T00:00:00.000Z
- Rep. Moskowitz, Jared [D-FL-23] (D-FL), 2026-03-24T00:00:00.000Z
- Rep. Carson, André [D-IN-7] (D-IN), 2026-03-25T00:00:00.000Z
- Rep. Foushee, Valerie P. [D-NC-4] (D-NC), 2026-04-16T00:00:00.000Z

## Provisions PRIA read

- Ban on betting tied to sensitive events: cost, medium. This bill would make it illegal to place, accept, or help place wagers on defined "specified events." The Attorney General would be able to sue in federal court to get injunctions stopping that activity. The bill would also fold the ban into federal gambling and money-crime laws and would take effe…
- Ban on event-linked trading and rules: mixed, medium. This bill would stop registered U.S. exchanges and clearinghouses from listing or clearing contracts, swaps, or indexes tied to specified events. It would define "specified event" to include terrorism, assassination, war, and some government-controlled or known-in-advance outcomes. It would also ex…

## Related bills

- 119-hr-7973: Momnibus Act
- 119-hr-7853: PrEP Access and Coverage Act of 2026
- 119-hr-51: Washington, D.C. Admission Act
- 119-hr-20: Richard L. Trumka Protecting the Right to Organize Act of 2025
- 119-hr-5390: FAMILY Act
- 119-hr-15: Equality Act

## Sources
- [119-hr-7955 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/7955)

## Related
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [119-hr-7853: PrEP Access and Coverage Act of 2026](https://policyrisk.com/legislation/119-hr-7853)
- [119-hr-51: Washington, D.C. Admission Act](https://policyrisk.com/legislation/119-hr-51)
- [119-hr-20: Richard L. Trumka Protecting the Right to Organize Act of 2025](https://policyrisk.com/legislation/119-hr-20)
- [119-hr-5390: FAMILY Act](https://policyrisk.com/legislation/119-hr-5390)
- [119-hr-15: Equality Act](https://policyrisk.com/legislation/119-hr-15)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-7955 (as of 2026-09-21).