The DEATH BETS Act: Why Lawmakers Are Moving to Shut Down America’s Fastest-Growing Gray Market

TLDR: THE DEATH BETS Act seeks to ban prediction contracts tied to war, terrorism, assassination, or individual death. Lawmakers cited $500M in wagers on U.S.–Iran strike timing as evidence of rising conflict speculation markets. Bill removes discretion from regulators and sets a clear ban on violent event contracts on U.S. exchanges. Platforms like Kalshi and [...]

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