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.