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.