Search Results: keywords:"ban gambling on elections act"

  • S. 2 — To amend the Commodity Exchange Act to prohibit political election or contest agreements, contracts, transactions, and swaps.
    Status:Introduced in Senate
    Words:274

    S. 2 aims to modify the Commodity Exchange Act to ban any agreements, contracts, swaps, or transactions related to political elections or contests. This includes any indices, measures, or data tied to such political events. It introduces a new rule that stops these types of...

    Simple Explanation

    S. 2 is a plan to stop people from making bets or deals about who will win political races, like elections. It says these kinds of bets can't be traded through official channels, helping to keep elections fair and free from gambling.

  • H. R. 10505 — To amend the Commodity Exchange Act to prohibit political election or contest agreements, contracts, transactions, and swaps.
    Status:Introduced in House
    Words:269

    H.R. 10505, also known as the “Ban Gambling on Elections Act of 2024,” aims to change the Commodity Exchange Act. The bill seeks to prohibit any agreements, contracts, transactions, or financial swaps related to political elections or contests. This includes barring such...

    Simple Explanation

    H.R. 10505 wants to make sure that people can't bet or make money from elections by turning them into trading games, so it will stop any deals related to elections from happening on special trading platforms in the U.S.