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S4035119th CongressWALLET

DEATH BETS Act

Sponsored By: Senator Schiff, Adam B. [D-CA]

Introduced

Summary

Bans derivatives that bet on war, assassination, terrorism, or an individual's death. This bill would add a new subsection to Section 5c of the Commodity Exchange Act to prohibit any agreement, contract, transaction, or swap based on an excluded commodity that involves, relates to, or references terrorism, assassination, war, similar activity, or an individual’s death. The prohibition targets contracts listed for trading or accepted for clearing on or through a registered entity. The Commission would determine what counts as those activities or references. The bill is titled the Discouraging Exploitative Assassination, Tragedy, and Harm Betting in Event Trading Systems Act, or the DEATH BETS Act.

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Bill Overview

Analyzed Economic Effects

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

Exchanges banned from death-related contracts

If enacted, this bill would ban registered exchanges and clearinghouses from listing or clearing any contract based on an excluded commodity that references an individual's death or references terrorism, assassination, war, or similar violent activity. The Commodity Futures Trading Commission would decide what counts as those activities. The ban would take effect upon enactment and would mainly affect exchanges, clearinghouses, dealers, and counterparties, not most households.

Sponsors & CoSponsors

Sponsor

Schiff, Adam B. [D-CA]

CA • D

Cosponsors

  • Sen. Curtis, John R. [R-UT]

    UT • R

    Sponsored 9/30/2026

Roll Call Votes

No roll call votes available for this bill.

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