Read twice and referred to the Committee on the Judiciary.
Summary
The BETS OFF Act makes it illegal for anyone to place, accept, or facilitate a wager on a "specified event" such as terrorism, assassination, war, or certain government actions. It gives the Attorney General authority to bring civil injunctions against violators and updates existing gambling and financial statutes to cover these bets. The law is intended to stop people from profiting off serious national‑security and public‑safety events.
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