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Prohibition of financial bets on war, death, and terrorism

This act bans the creation and trading of financial contracts that allow profiting from wars, terrorism, or the death of individuals. The changes aim to eliminate speculation based on human tragedies and acts of violence.
Key points
Bans trading contracts linked to terrorism, assassinations, and war.
Prohibits financial products based on the death of specific individuals.
Blocks the possibility of profiting from tragic events on investment platforms.
Grants regulatory bodies the power to determine which activities are similar to war or terrorism.
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Status:
Introduced
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Additional Information
Print number: 119_S_4035
Sponsor: Sen. Schiff, Adam B. [D-CA]
Process start date: 2026-03-10
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

OFFICIAL LEGAL TITLE

DEATH BETS Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_4035.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2026-03-10.

What are the main provisions?

Key points include:

  • Bans trading contracts linked to terrorism, assassinations, and war.
  • Prohibits financial products based on the death of specific individuals.
  • Blocks the possibility of profiting from tragic events on investment platforms.
  • Grants regulatory bodies the power to determine which activities are similar to war or terrorism.
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 Sen. Schiff, Adam B. [D-CA].

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 2026-03-21.

What is the impact of this bill?

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.

CATEGORIES

Economy Security Courts and Law