The DEATH BETS Act: Why Lawmakers Are Moving to Shut Down America’s Fastest-Growing Gray Market

The DEATH BETS Act proposes to ban prediction contracts on violent events including war, terrorism, and assassination. Lawmakers cite $500M in wagers on U.S.-Iran strike timing as evidence of concerning conflict speculation markets that need regulatory intervention.

• →The DEATH BETS Act aims to ban prediction contracts related to war, terrorism, assassination, and individual deaths.
• →Lawmakers point to $500 million in wagers on U.S.-Iran strike timing as evidence of problematic speculation markets.
• →The bill would remove regulatory discretion and establish clear prohibitions on violent event contracts.
• →Platforms like Kalshi could be impacted by these new restrictions on prediction markets.
• →The legislation targets what lawmakers consider America's fastest-growing gray market activity.