Bans wagers on specified events like terrorism, assassinations, and wars.
The BETS OFF Act bans wagers on specified events, including acts of terrorism, assassinations, wars, and other non-financial events. It prohibits placing, accepting, or facilitating wagers on these events. The Attorney General can bring civil actions against violators. The Act also amends federal laws to include these prohibitions and defines "wager" to exclude lawful insurance. The Act takes effect 30 days after enactment.
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