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H.R.7955

BETS OFF Act Banning Event Trading on Sensitive Operations and Federal Functions Act

Introduced·3/17/26

The BETS OFF Act bans wagering on specified events, including terrorism, assassinations, and wars.

The BETS OFF Act, or Banning Event Trading on Sensitive Operations and Federal Functions Act, prohibits any person from placing, accepting, or facilitating the placement or acceptance of a wager regarding specified events. These include acts of terrorism, assassinations, wars, and other events not primarily financial, commercial, or economic in nature. The act also amends the Commodity Exchange Act and other federal laws to include these prohibited activities. The Attorney General can bring civil actions for injunctive relief against violators. The act takes effect 30 days after its enactment.

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  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Where it stands

Current
Judiciary Committee
Next
Committee decision

Sponsors

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8
0
Democratic CaucusRepublican Caucus

History

Mar 17

House

Introduced in House

Mar 17

House

Referred to the Committee on the Judiciary, and in addition to the Committees on Agriculture, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.