Home BlockchainDemocrats Introduce Bill to Ban Prediction Market Contracts on War and Death

Democrats Introduce Bill to Ban Prediction Market Contracts on War and Death

by Decrypt
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Democrats Introduce Bill to Ban Prediction Market Contracts on War and Death

In brief

  • Lawmakers Mike Levin and Adam Schiff introduced the DEATH BETS Act on Tuesday, targeting prediction contracts on war, death, and assassination.
  • The bill comes as CFTC Chairman Selig announced plans to expand the regulatory framework for prediction markets.
  • Schiff previously led a Senate letter urging the CFTC to enforce existing prohibitions on war and death contracts.

Two Democratic lawmakers introduced legislation on Tuesday to ban prediction market contracts tied to war, death, and…

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