Referred to the House Committee on Agriculture.
Summary
The bill changes the Commodity Exchange Act to stop any listed or cleared contracts that bet on political elections, U.S. government actions, sporting events, or military actions, unless the contract is a legitimate hedge against commercial risk. It asks the Commodity Futures Trading Commission to enforce the ban and orders a GAO study on prediction markets, including insider trading and effects on 18‑ to 20‑year‑olds. The goal is to prevent gambling‑like betting that could corrupt markets and public confidence.
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