arrow_back Trending Legislation
Share share

Ban on financial bets on terrorism, wars, and election results

This bill prohibits financial contracts that allow betting on sensitive events like wars, assassinations, or election outcomes. It aims to protect the public interest by preventing profit-seeking from illegal acts or democratic processes.
Key points
Prohibits trading contracts based on terrorism, war, or assassinations.
Bans financial bets on the outcomes of federal, state, and local elections.
Restricts contracts related to government activities and illegal acts.
Allows states to opt-out of the ban specifically for gaming-related contracts.
Changes take effect 180 days after the law is enacted.
article Official text account_balance Process page notifications_active Track this Bill
gavel
Status:
Introduced
Record your position for audit.
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens (explained here). Start recording it now.
Additional Information
Event Contract Enforcement Act
Print number: HR 7840
Sponsor: Rep. Moore, Blake D. [R-UT-1]
Process start date: 2026-03-05
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-flash-latest
Source data: api.congress.gov
AI work logs for this document launch
Summary & Status

Key Questions about Ban on financial bets on terrorism, wars, and election results

A structured overview of the legislative process, official sources, status and civic context.

What is the official ID of this bill?

The official print number for this legislation is HR 7840.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2026-03-05.

What are the main provisions?

Key points include:

  • Prohibits trading contracts based on terrorism, war, or assassinations.
  • Bans financial bets on the outcomes of federal, state, and local elections.
  • Restricts contracts related to government activities and illegal acts.
  • Allows states to opt-out of the ban specifically for gaming-related contracts.
  • Changes take effect 180 days after the law is enacted.

What is the specific legal status?

The current status is Introduced.

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 Rep. Moore, Blake D. [R-UT-1].

What is the latest detailed status?

The latest detailed status is: Sponsor introductory remarks on measure. (CR H2588-2589)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-03-26.

Analysis and Potential Impact of HR 7840

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

CATEGORIES

Courts and Law Economy