Referred to the Committee on Agriculture, and in addition to the Committee on the Judiciary, 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.
Summary
The bill would change federal law to prohibit contracts that predict wildfire events from being offered on prediction markets. It targets companies and traders that create or trade such contracts, aiming to reduce speculative wagering on natural disasters. The measure is currently referred to the Agriculture and Judiciary committees for further review.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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