Referred to the Subcommittee on Commodity Markets, Digital Assets, and Rural Development.
Summary
The BETS OFF Act makes it unlawful for anyone to place, accept, or facilitate a wager on certain "specified events" such as terrorism, assassination, war, or particular government actions. The Attorney General can bring a civil injunction against violators, and the bill amends existing gambling and racketeering laws to treat this conduct as illegal gambling. It targets individuals and businesses that might profit from betting on these sensitive events.
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