To amend the Commodity Exchange Act to prohibit wildfire event contracts on prediction markets, and for other purposes.
Prohibit wildfire event contracts on prediction markets by amending the Commodity Exchange Act.
Occurrences
Evidence
legacy_unverified · Source version not recorded · locator unknown
GovInfo lists H.R. 10109 as introduced in the House, sponsored by Michael Baumgartner, with last action on August 17, 2026: referred to Agriculture and Judiciary.
legacy_unverified · Source version not recorded · locator unknown
The introduced text would amend Commodity Exchange Act section 5c(c)(5) so wildfire event contracts may not be listed or cleared on a registered entity.
Assessments
Baumgartner sponsored and introduced H.R. 10109, the Wildfire Event Contract Prohibition Act, which directly matches the promise by proposing to amend the Commodity Exchange Act to prohibit wildfire event contracts on prediction markets. As of September 9, 2026, the bill's latest official status is still referral to the House Agriculture and Judiciary Committees, with no passage or enactment. That is a concrete same-term legislative effort, but the promised statutory prohibition has not yet been delivered.