DEATH BETS Act

This bill, known as the DEATH BETS Act , amends the Commodity Exchange Act to introduce new prohibitions on certain types of financial contracts. Its primary purpose is to prevent the trading and clearing of agreements that exploit or profit from tragic events and human suffering. Specifically, the legislation prohibits registered entities from listing or accepting for clearing any agreement, contract, transaction, or swap based on an excluded commodity that involves, relates to, or references terrorism, assassination, war , or similar activities as determined by the Commission. It also explicitly bans contracts that involve, relate to, or reference an individual's death or could otherwise be construed as closely correlating to an individual's death. These provisions aim to curb speculative trading on events such as acts of violence, conflict, or personal fatalities, ensuring that financial markets do not incentivize or profit from such occurrences.