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Federal Ban on Financial Trading and Gambling on Political Election Outcomes.

This Act establishes a complete prohibition on agreements, contracts, and financial transactions (like swaps) based on the results of any political election or contest in the US. The goal is to safeguard the integrity of the electoral process by preventing it from being treated as a speculative commodity on regulated markets. Citizens will be legally barred from investing or betting on election results using these specific financial instruments.
Key points
Implements a federal ban on trading financial contracts linked to the outcomes of political elections.
The prohibition applies to all regulated trading platforms, aiming to bolster confidence in the fairness of the electoral process.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_S_5100
Sponsor: Sen. Merkley, Jeff [D-OR]
Process start date: 2024-09-18
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Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Ban Gambling on Elections Act of 2024

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_5100.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2024-09-18.

What are the main provisions?

Key points include:

  • Implements a federal ban on trading financial contracts linked to the outcomes of political elections.
  • The prohibition applies to all regulated trading platforms, aiming to bolster confidence in the fairness of the electoral process.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Merkley, Jeff [D-OR].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Economy Security