H.R. 7840

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7840 Introduced in House (IH)]

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119th CONGRESS
2d Session
H. R. 7840

To amend the Commodity Exchange Act to prohibit event contracts based 
on terrorism, assassination, war, gaming, illegal activity, election 
outcomes, government activities, or other activities determined by the 
Commodity Futures Trading Commission to be contrary to the public 
interest, and to allow States to exempt themselves from the prohibition 
on gaming contracts.

_______________________________________________________________________

IN THE HOUSE OF REPRESENTATIVES

March 5, 2026

Mr. Moore of Utah (for himself and Mr. Carbajal) introduced the 
following bill; which was referred to the Committee on Agriculture

_______________________________________________________________________

A BILL

To amend the Commodity Exchange Act to prohibit event contracts based 
on terrorism, assassination, war, gaming, illegal activity, election 
outcomes, government activities, or other activities determined by the 
Commodity Futures Trading Commission to be contrary to the public 
interest, and to allow States to exempt themselves from the prohibition 
on gaming contracts.

Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the ``Event Contract Enforcement Act''.

SEC. 2. PROHIBITION ON EVENT CONTRACTS CONTRARY TO THE PUBLIC INTEREST.

(a) In General.--Section 5c(c)(5)(C) of the Commodity Exchange Act 
(7 U.S.C. 7a-2(c)(5)(C)) is amended--
(1) by striking clauses (i) and (ii) and inserting the 
following:
``(i) Event contracts.--Subject to clause 
(ii), it shall be unlawful to list or make 
available for trading on or through a 
registered entity an agreement, contract, 
transaction, or swap in an excluded commodity 
that is based on an occurrence, the extent of 
an occurrence, or a contingency (other than a 
change in the price, rate, value, or level of a 
commodity described in section 1a(19)(i)) in 
relation to--
``(I) activity that is unlawful 
under Federal or State law;
``(II) terrorism;
``(III) assassination;
``(IV) war;
``(V) gaming;
``(VI) the result of any vote in an 
election (as defined in section 301 of 
the Federal Election Campaign Act of 
1971) held under Federal, State, or 
local law, including a ballot 
initiative or referendum;
``(VII) conduct by or in any level 
or branch of the Federal Government or 
of any State or local government, 
including by or in any instrumentality 
or by any personnel of any level or 
branch of any such government; or
``(VIII) other similar activity 
determined by the Commission, by rule 
or regulation, to be contrary to the 
public interest.
``(ii) Exemption.--Clause (i)(V) shall not 
apply with respect to conduct in a State if the 
law of the State expressly exempts conduct in 
the State from the application of such 
clause.''; and
(2) by adding at the end the following:
``(v) Gaming defined.--In clause (i), the 
term `gaming' means any aspect of a live, 
simulated, or virtual physical or mental 
challenge or game of chance.''.
(b) Effective Date.--The amendments made by subsection (a) shall 
take effect on the date that is 180 days after the date of the 
enactment of this Act.
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