To amend the Commodity Exchange Act to prohibit event contracts based on terrorism, assassination, war, gaming, illegal activity, election outcomes, government activities, or other activities determined by the Commodity Futures Trading Commission to be contrary to the public interest, and to allow States to exempt themselves from the prohibition on gaming contracts.

House Bill

H.R. 7840

119th Congress

To amend the Commodity Exchange Act to prohibit event contracts based on terrorism, assassination, war, gaming, illegal activity, election outcomes, government activities, or other activities determined by the Commodity Futures Trading Commission to be contrary to the public interest, and to allow States to exempt themselves from the prohibition on gaming contracts.

In Committee

Introduced:Mar 5, 2026

Primary Sponsor

Blake Moore

R - UT

Cosponsors

0

Quick Stats

Summary

This bill would ban prediction markets and betting contracts on sensitive events like terrorism, assassinations, wars, and election outcomes. It aims to prevent people from profiting off potentially harmful events while giving individual states the option to allow betting on gaming-related activities within their borders.

Latest Action

Referred to the House Committee on Agriculture.

Introduced3/5/2026

StatusReferred to the House Committee on Agriculture.

ChamberHouse

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Vote Prediction

To amend the Commodity Exchange Act to prohibit event contracts based on terrorism, assassination, war, gaming, illegal activity, election outcomes, government activities, or other activities determined by the Commodity Futures Trading Commission to be contrary to the public interest, and to allow States to exempt themselves from the prohibition on gaming contracts.

This bill would ban prediction markets and betting contracts on sensitive events like terrorism, assassinations, wars, and election outcomes. It aims to prevent people from profiting off potentially harmful events while giving individual states the option to a

Community Breakdown

Pass

0%

Fail

0%

0 predictions

This bill would ban prediction markets and betting contracts on sensitive events like terrorism, assassinations, wars, and election outcomes. It aims to prevent people from profiting off potentially harmful events while giving individual states the option to allow betting on gaming-related activities within their borders.

Bill Number: 7840
Introduced: 3/5/2026
Status: Referred to the House Committee on Agriculture.

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: To amend the Commodity Exchange Act to prohibit event contracts based on terrorism, assassination, war, gaming, illegal activity, election outcomes, government activities, or other activities determined by the Commodity Futures Trading Commission to be contrary to the public interest, and to allow States to exempt themselves from the prohibition on gaming contracts.
Bill Number: 7840
Sponsor: No sponsor
Status: Referred to the House Committee on Agriculture.
Introduced: 3/5/2026
Summary: This bill would ban prediction markets and betting contracts on sensitive events like terrorism, assassinations, wars, and election outcomes. It aims to prevent people from profiting off potentially harmful events while giving individual states the option to allow betting on gaming-related activitie

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

This bill would ban prediction markets and betting contracts on sensitive events like terrorism, assassinations, wars, and election outcomes. It aims to prevent people from profiting off potentially harmful events while giving individual states the option to allow betting on gaming-related activities within their borders.

Last updated: 3/6/2026

Key Points

Main provisions of the bill

Prohibits prediction markets and futures contracts on terrorism, assassinations, war, and election outcomes—preventing financial speculation on tragic or politically sensitive events
Bans betting contracts on illegal activities and other events the CFTC deems contrary to public interest, closing loopholes in current commodity trading regulations
Allows states to opt out of the gaming contract prohibition, giving them flexibility to permit sports betting and gaming-related prediction markets if they choose
Targets emerging prediction market platforms that have raised ethical concerns about profiting from violence, death, or election manipulation

How This Impacts Americans

Potential effects on citizens and communities

This legislation would affect prediction market platforms like Kalshi and PredictIt that currently offer contracts on political and world events. Everyday investors and bettors would no longer be able to place wagers on elections, wars, or violent events through federally regulated markets, though state-level gaming exemptions could preserve sports betting markets. The bill addresses growing concerns about the ethics of profiting from tragedy while balancing state rights on gambling regulation.

Policy Areas

No policy areas assigned yet.

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

7840, 119th Congress (2026). "To amend the Commodity Exchange Act to prohibit event contracts based on terrorism, assassination, war, gaming, illegal activity, election outcomes, government activities, or other activities determined by the Commodity Futures Trading Commission to be contrary to the public interest, and to allow States to exempt themselves from the prohibition on gaming contracts.". Source: Voter's Right Platform. https://votersright.org/bills/119-hr-7840

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