Event Contract Enforcement Act
Sponsored By: Representative Moore, Blake D. [R-UT-1]
Introduced
Summary
Would ban betting-style event contracts tied to sensitive public events. The bill would expand the Commodity Exchange Act to stop registered trading of contracts that let people wager on occurrences like elections, terrorism, war, assassination, unlawful activity, government conduct, or gaming, while leaving ordinary price-based contracts alone.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
Ban on event-based trading contracts
If enacted, this bill would make it unlawful for a registered exchange or other registered entity to list or make available for trading any agreement, contract, transaction, or swap in an excluded commodity that is based on an occurrence, the extent of an occurrence, or a contingency. Contracts based only on a change in a commodity's price, rate, value, or level described in section 1a(19)(i) would still be allowed. The bill would bar event contracts tied to unlawful activity, terrorism, assassination, war, gaming, election results (including ballot initiatives and referenda), and conduct by any level or branch of government. The Commodity Futures Trading Commission could add other similar prohibited activities by rule. The gaming ban would not apply in a State that expressly exempts such conduct under State law. The rule would take effect 180 days after enactment.
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
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov