Adam Schiff introduces bill to clarify ban on death-related prediction contracts
US Senator Adam Schiff introduced the DEATH BETS Act, which would clarify that prediction-market contracts related to an individual’s death are prohibited, according to his statement. The proposal would amend the Commodity Exchange Act; the report says Kalshi and Polymarket have taken different approaches to markets concerning Ali Khamenei’s death.
The proposed clarification could affect which event contracts prediction-market platforms may offer in the US.