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An AI model extracted this from the bill’s official record and can make mistakes. Check the official text ↗ (opens in new tab)

Event Contract

A type of financial agreement where the payoff depends on whether a specific real-world event happens, like an election result.

Hedging

Making an investment or trade specifically to reduce the risk of adverse price movements in another asset; essentially a form of insurance.

Prediction Market

An exchange where people can trade 'shares' in the outcome of future events, with the market price reflecting the perceived probability of that event occurring.

Registered Entity

A platform or exchange that is officially signed up with and overseen by federal regulators like the Commodity Futures Trading Commission.

Swap

A derivative contract through which two parties exchange the cash flows or liabilities from two different financial instruments.