US EditionSchiff Introduces ‘DEATH BETS’ Act to Ban Wagering on War and Assassinations
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.7 Articles
7 Articles
Bitcoin.com
Cryptocurrency News | Cryptocurrency Prices | Market CapSchiff Introduces ‘DEATH BETS’ Act to Ban Wagering on War and Assassinations
U.S. Sen. Adam Schiff has introduced a bill which aims to ban betting on war, terrorism and death in prediction markets. Risks of Market Manipulation and Insider Trading U.S. Sen. Adam Schiff, D-Calif., has introduced a new bill restricting prediction markets from allowing traders to bet on war, terrorism and death. The legislation, formally titled […]
Democrats Move to Ban Prediction Markets on War and Death: What It Means for DeFi
Two Democrats just dropped a bill that could shake prediction markets to their core. Rep. Mike Levin and Sen. Adam Schiff introduced the DEATH BETS Act on March 10. The goal is simple. Make it illegal to bet on wars, assassinations, and deaths. Over $500 million was wagered on the timing of US military strikes against Iran alone. That is the number Levin cited. and it’s hard to ignore. Platforms like Kalshi and Polymarket have been quietly racki…
Senate Democrats Introduce Bill to Ban Prediction Market Bets on War and Death
Adam Schiff introduced the DEATH BETS Act to ban prediction market bets on war, terrorism, and deaths. The bill would force Commodity Futures Trading Commission exchanges to stop listing such contracts. U.S. Senator Adam Schiff has introduced a new bill called the DEATH BETS Act, which aims to ban prediction market contracts related to events such as war, terrorism, and individual deaths. The bill comes at a time when the CFTC is moving towards …
US Lawmakers Introduce Death Bets Act to Ban War Betting
Two US lawmakers have introduced a new bill. That aims to stop people from betting on violent global events. The proposal is called the Death Bets Act. It would ban prediction markets from offering bets related to war, terrorism, assassination or a person’s death. The bill was introduced on March 10 by Mike Levin and Adam Schiff. Lawmakers say the goal is to prevent markets from turning real-world tragedies into financial bets. The full name of …
While predictive markets are gaining in popularity to the point of becoming options envisaged by traditional finance, some drifts are worrying about open bets on armed conflicts. A situation in which Congressional Democrats want to impose a ban, along with the DEATH BETS Act. Article American senators want to ban bets on predictive markets associated with war first appeared on Cryptoast.
Coverage Details
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
Factuality
To view factuality data please Upgrade to Premium
