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HR7840119th CongressWALLET

Event Contract Enforcement Act

Sponsored By: Representative Moore, Blake D. [R-UT-1]

In Committee

Summary

This bill would bar exchanges from listing or trading event-based contracts that bet on unlawful or sensitive real-world happenings, while letting States opt out of the gaming ban. It targets agreements, contracts, transactions, or swaps in excluded commodities that are based on the occurrence or extent of certain events or contingencies and sets a 180-day implementation window after enactment.

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  • Registered exchanges and market operators would be prohibited from offering contracts tied to things like unlawful activity, terrorism, assassination, war, election results, or government conduct. This removes a pathway for those specific event wagers on regulated platforms.
  • Creators and sellers of event contracts would lose access to regulated trading venues for products tied directly to the listed occurrences. That limits where these products can be marketed and traded.
  • States can exempt themselves from the gaming prohibition by passing a clear state law that allows the conduct. This preserves state-level choices about gaming markets.
  • The bill defines gaming as any live, simulated, or virtual physical or mental challenge or game of chance. It also clarifies the ban does not cover ordinary contracts that are based on a commodity's price, rate, value, or level.

*It would block event contracts tied to unlawful or sensitive activities while preserving a State option to exempt gaming.*

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Bill Overview

Analyzed Economic Effects

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

Ban on event-based trading contracts

This bill would ban listing or offering for trading certain contracts in excluded commodities when they are tied to events. Covered events would include unlawful activity, terrorism, assassination, war, gaming, election results, or government conduct. Gaming would mean any live, simulated, or virtual physical or mental challenge or game of chance. A State law could expressly exempt conduct in that State from the gaming ban. The ban would exclude contracts based only on price, rate, value, or level of certain commodities. It would take effect 180 days after enactment, and the CFTC could add other activities by rule.

Sponsors & CoSponsors

Sponsor

Moore, Blake D. [R-UT-1]

UT • R

Cosponsors

  • Rep. Carbajal, Salud O. [D-CA-24]

    CA • D

    Sponsored 3/5/2026

  • Rep. Vasquez, Gabe [D-NM-2]

    NM • D

    Sponsored 4/21/2026

  • Rep. Arrington, Jodey C. [R-TX-19]

    TX • R

    Sponsored 5/26/2026

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
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