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US Lawmakers Introduce Bill to Crack Down on Prediction Markets War Bets

Murphy announced the BETS OFF Act with Representative Greg Casar after unusual bets appeared on the timing of a possible war.

US Lawmakers Introduce Bill to Crack Down on Prediction Markets War Bets
Image · CoinTelegraph

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Outlet credibilityCoinTelegraph64/100 MEDIUM
This article1 analysis · Oct 8, 2026
Mar 17, 2026
tl;dr

Representatives Greg Casar and Chris Murphy announced the BETS OFF Act, which would restrict prediction-market bets tied to sensitive government functions, after unusual wagers on the timing of a US-Iran war. The article also notes that Senator Adam Schiff recently introduced a separate bill targeting war-related event contracts.

Community verdict

18 VOTES
How does this story look for
Christopher Murphy D · CT · SEN

Counts every outlet’s report of this story. See all 2

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Votes cast on this page

Votes cast on this page: ▲ 8 · ◆ 4 · ▼ 6

People in this story

SWIPE →
Christopher Murphy
D · CT · SEN

Connecticut senator and co-sponsor of the BETS OFF Act

PRIMARY SUBJECT
Greg Casar
D · TX-35

Texas representative and sponsor of the BETS OFF Act

Casar's version of this story ↗
Donald Trump
R · President of the United States

President whose alleged plan to bomb Iran was discussed by Murphy

Adam B. Schiff
D · CA · SEN

California senator who introduced the DEATH BETS Act

Part of a bigger story

2 OUTLETS
Murphy and Casar Introduce BETS OFF Act on Prediction-Market Bets
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AVG CRED
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ALSO ABOUTGreg Casar

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