Question 1

What does HR7840 do?

Accepted Answer

This bill amends the Commodity Exchange Act to establish comprehensive prohibitions on certain categories of event contracts that the legislature has determined pose risks to public welfare and market integrity. The legislation targets event contracts based on terrorism, assassination, war, gaming, illegal activity, election outcomes, and government activities, while granting the Commodity Futures Trading Commission broad discretionary authority to identify additional prohibited contract types. The bill represents a significant federal intervention into prediction markets and event-based derivatives trading, reflecting congressional concern about the commodification of sensitive political, security, and social events. Notably, the legislation includes a federalism component that permits individual states to opt out of the gaming contract prohibition, creating a potential patchwork of regulatory approaches across jurisdictions.

Question 2

Who sponsored HR7840?

Accepted Answer

Blake Moore, Salud Carbajal, Gabe Vasquez, Jodey Arrington

Question 3

What is the status of HR7840?

Accepted Answer

Introduced as of March 5, 2026.

H.R.7840

H. R. 7840