Senator Chris Murphy (D-Conn.) and Representative Greg Casar (D-Texas-35) unveiled the Banning Event Trading on Sensitive Operations and Federal Functions (BETS OFF) Act, bicameral legislation to ban wagering on government actions, terrorism, war, assassination, and events where an individual knows or controls the outcome.
Ban prediction markets and wagering on government actions, terrorism, war, assassination, and events where an individual knows or controls the outcome.
Occurrences
Evidence
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U.S. Senator Chris Murphy (D-Conn.) and U.S. Representative Greg Casar (D-Texas-35) unveiled the Banning Event Trading on Sensitive Operations and Federal Functions (BETS OFF) Act, bicameral legislation to ban wagering on government actions, terrorism, war, assassination, and events where an individual knows or controls the outcome.
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U.S. Sen. Chris Murphy (D-CT) has introduced a bill to ban online betting on government actions. It comes after a handful of people made a lot of money betting on the beginning of the war in Iran.
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US Senator Chris Murphy (D-Conn.) and US Representative Greg Casar (D-Texas-35) this week introduced the Banning Event Trading on Sensitive Operations and Federal Functions (BETS OFF) Act, bicameral legislation to ban wagering on government actions, terrorism, war, assassination, and events where an individual knows or controls the outcome.
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A bicameral federal bill hopes to ban all prediction market activity surrounding certain government actions, including acts of war, terrorism, and assassination. Congressman Gabe Amo (D-RI-01), U.S. Senator Chris Murphy (D-CT), Congressman Greg Casar (D-TX-35) and Congresswoman Yassamin Ansari (D-AZ-03) introduced the Banning Event Trading on Sensitive Operations and Federal Functions (BETS OFF) Act.
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A bicameral federal bill hopes to ban all prediction market activity surrounding certain government actions, including acts of war, terrorism, and assassination. Congressman Gabe Amo (D-RI-01), U.S. Senator Chris Murphy (D-CT), Congressman Greg Casar (D-TX-35) and Congresswoman Yassamin Ansari (D-AZ-03) introduced the Banning Event Trading on Sensitive Operations and Federal Functions (BETS OFF) Act.
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Two members of Congress have introduced a bill that would ban all prediction market contracts on government actions or outcomes known to one person. Rep. Greg Casar and Sen. Chris Murphy introduced the Banning Event Trading on Sensitive Operations and Federal Functions (BETS OFF) Act Tuesday.
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Sen. Chris Murphy and Rep. Greg Casar introduced the Banning Event Trading on Sensitive Operations and Federal Functions (BETS OFF) Act, adding to recent pieces of legislation filed by lawmakers that aim to ban the trading of certain event contracts.
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United States Senator Chris Murphy and House Representative Greg Casar are set to introduce legislation to rein in prediction markets after bettors cashed in on geopolitical conflicts, including the joint strikes the US and Israel launched against Iran and the abduction of Venezuelan President Nicolas Maduro.
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GovInfo lists S. 4115 as introduced in the Senate on March 17, 2026; the action states that Mr. Murphy introduced the bill, it was read twice, and referred to the Committee on the Judiciary.
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Murphy's office said he introduced the BETS OFF Act in response to suspicious betting activity and described it as legislation to ban prediction markets involving government actions, war, and events where one person knows or controls the outcome.
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Last Action Date Listed March 17, 2026 Action Mr. Murphy (for himself and Mr. Hickenlooper) introduced the following bill; which was read twice and referred to the Committee on the Judiciary
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It shall be unlawful for any person to place, accept, or facilitate the placement or acceptance of a wager regarding a specified event.
Assessments
Murphy materially advanced the promised policy by introducing the BETS OFF Act in March 2026, a federal bill matching the claim's substance: banning prediction markets and wagering on government actions, terrorism, war, assassination, and events controlled or known by an individual. However, the evidence shows only introduction and referral to committee, with no enactment or implemented federal ban. Because this was a serious legislative attempt that has not delivered the promised legal outcome, it is scored as not fulfilled with effort credit.
Senator Chris Murphy introduced the BETS OFF Act, a bicameral bill aimed at banning prediction markets and wagering on government actions, terrorism, war, assassination, and events prone to insider or controlled outcomes. Multiple secondary sources confirm the introduction and Murphy's leading sponsorship of this legislation during the relevant term. However, there is no evidence that the bill was enacted into law. Therefore, while a clear and significant legislative attempt was made to fulfill the campaign promise, the outcome (actual ban) has not been delivered.
Senator Chris Murphy fulfilled the effort component of his promise by introducing comprehensive legislation (the BETS OFF Act) to ban prediction markets and wagering on government actions, terrorism, war, assassination, and events susceptible to manipulation or insider knowledge. Multiple credible sources confirm this legislative attempt during the same term. However, there is no evidence indicating that the bill was enacted into law or that the complete promised outcome (a nationwide ban) was delivered. Thus, the promise is considered partially fulfilled due to serious legislative effort but not delivery.