Well, I’ll be jiggered! The chaps over in the States are up in arms-or rather, up in legislation-about what they’re calling “death bets.” Seems they’ve taken a bit of a fancy to the idea that wagering on war, assassination, and other such jolly pastimes might not be the ticket. Senator Adam Schiff, a fellow who clearly doesn’t care to see a chap make a quid on the demise of another, is leading the charge with a bill so drearily named the DEATH BETS Act. What ho, indeed!
Old Schiff chimes in with a bit of rhetoric that would make a sermon seem like light reading: “Betting on war and death creates an environment in which insiders can profit off of nonpublic information, our national security is jeopardized, and violence is encouraged. Congress must act.” By Jove, one would think he’s discovered a fellow betting on whether Jeeves will bring the tea on time!
The proposal, in its infinite wisdom, aims to stop any exchange registered with the Commodity Futures Trading Commission from listing contracts tied to terrorism, assassination, war, or someone’s untimely end. Representative Mike Levin, not one to be left out of the fun, is trotting out a companion bill in the House. What a pair of spoilsports, eh?
Supporters of this carry-on argue that current laws already give regulators the nod to block such contracts if they’re deemed contrary to the public interest. But apparently, leaving it to the CFTC is like trusting a chap with a sweet tooth to guard the biscuit tin-far too much discretion, don’t you know?
The real kicker? This hullabaloo comes after some prediction platforms listed contracts on geopolitical events and leadership changes. One particularly juicy example involved a market speculating on whether Iran’s Supreme Leader would be shown the door. Reportedly, it raked in tens of millions before being halted. Dash it all, talk about a missed opportunity for a bit of excitement!
Read More
- Silver Rate Forecast
- Gold Rate Forecast
- USD CNY PREDICTION
- Tether’s Q3 Report: $10B Profits & Gold, Bitcoin Hoaxes (But Who’s Counting?)
- Bitcoin Plummets Below $98K: Fear Grips Market Like a Bad Soap Opera 🎭
- When Meme Coins Attack: The Great Hyperliquid Meltdown 😱💸
- Norway’s Wealth Fund Meets Bitcoin: A Most Surprising Union 💸
- Mark Twain – The Big Donald & His Bitcoin Bonanza: A Tale of Money & Mirth
- Pi Network’s Node Update: A Techy’s Dream or a Developer’s Nightmare? 🤯
- How Bitcoin’s Miners Keep Their Cool (And Why That Matters!)
2026-03-12 21:01