Proposed
Bill · 119th Congress · HR 7955
BETS OFF Act
Refreshed 3 h ago
Introduced 2026-03-17Topic: governance ethics · public safety · economy jobsSummary
AI-generated summary, report an errorThis bill would make it illegal for anyone to place, accept, or help arrange a bet on certain events. These events include acts of terrorism, assassinations, wars, and non-financial events that are government actions, are fully controlled by a person, or have outcomes someone knows in advance. The Attorney General could sue in federal court to stop violations, and these bets would be treated as illegal gambling under existing federal gambling and internet gambling laws. Federally registered trading exchanges could not list or clear contracts tied to these events. Certain lawful insurance would not count as a bet, and the law would take effect 30 days after enactment.
Sponsors
- Greg Casar Democrat sponsor
- 7 cosponsors
Action history
| Date | Chamber | Action | Status effect |
|---|---|---|---|
| 2026-04-03 | House | Referred to the Subcommittee on Commodity Markets, Digital Assets, and Rural Development. | refer |
| 2026-03-17 | 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. | refer |
| 2026-03-17 | 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. | refer |
| 2026-03-17 | 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. | refer |
| 2026-03-17 | Introduced in House | introduce | |
| 2026-03-17 | Introduced in House | introduce |