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Ban on financial bets involving war, death, and terrorism

This bill prevents the creation of financial instruments that allow profiting from tragedies like wars or assassinations. It ensures that financial markets cannot be used to speculate at the expense of human life and safety.
Key points
Prohibits trading contracts based on war, terrorism, and assassinations.
Bans financial instruments linked to the death of specific individuals.
Prevents profiting from tragic events within the financial trading systems.
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Status:
Introduced
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Additional Information
DEATH BETS Act
Print number: HR 7942
Sponsor: Rep. Levin, Mike [D-CA-49]
Process start date: 2026-03-16
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
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Summary & Status

Key Questions about Ban on financial bets involving war, death, and terrorism

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 7942.

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 2026-03-16.

What are the main provisions?

Key points include:

  • Prohibits trading contracts based on war, terrorism, and assassinations.
  • Bans financial instruments linked to the death of specific individuals.
  • Prevents profiting from tragic events within the financial trading systems.

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. Levin, Mike [D-CA-49].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Agriculture.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-04-01.

Analysis and Potential Impact of HR 7942

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

Economy Courts and Law