Event Contract Enforcement Act

This bill would change the Commodity Exchange Act to make it illegal for registered trading platforms to list or offer event contracts tied to certain kinds of events. These include illegal activity, terrorism, assassination, war, gaming, the results of any election vote (including ballot initiatives and referendums), and actions by any level or branch of government. It would also ban contracts on other similar activity that the Commodity Futures Trading Commission decides by rule is contrary to the public interest. A state could exempt conduct within its borders from the ban on gaming contracts by passing a law that expressly does so. The changes would take effect 180 days after the bill becomes law.

Full text and official record on Congress.gov

Sponsors

• Blake D. Moore Republican sponsor
• 7 cosponsors