Contact Congress about H.R. 7840: Event Contract Enforcement Act

Trading platforms could not offer event contracts tied to elections, war, terrorism, crimes, government actions, or gaming. States could opt out only for gaming-related contracts. The rules would start 180 days after the bill becomes law.

Modern Action explains legislation in plain English, helps you choose whether to support, oppose, or ask for changes, and drafts a message tied to the bill, your stance, and the elected officials who can act on it.

Event Contract Enforcement Act is a House bill in committee. The latest recorded action: Sponsor introductory remarks on measure. (CR H2588-2589).

Latest action on H.R. 7840: Sponsor introductory remarks on measure. (CR H2588-2589)

Who this affects: This bill mainly affects federally registered trading platforms and people who trade event or prediction-market contracts. Platforms would have to stop offering covered contracts after the start date. Traders would lose access to some contracts tied to elections, government actions, war, terrorism, crimes, or gaming. State lawmakers would matter for gaming contracts because a state can opt out only by passing clear language in state law.

Why this matters: This bill could change which real-world events people are allowed to bet on through regulated markets. It aims to keep trading away from elections, government actions, violence, war, crimes, and gaming unless a gaming exception applies. It could also reduce some prediction-market activity and limit new products. The bill leaves some effects unclear, including how much it would change prices, market activity, or innovation.

Key provisions in H.R. 7840

• Registered trading platforms could not offer event contracts tied to terrorism, assassination, war, gaming, crimes, elections, or government actions. These are platforms that operate under federal commodities law.
• The bill covers several kinds of trades in an excluded commodity, which is a broad category under commodities law. It applies when the trade depends on whether an event happens, how much it happens, or a related condition.
• Election betting would be banned for any vote result. That includes ballot initiatives and referendums at the federal, state, or local level.
• Government-action contracts would also be banned. The ban covers actions by or inside any federal, state, or local government branch, including government bodies and workers.
• The Commodity Futures Trading Commission could add more banned event types. It could do this by rule or regulation if it finds similar activity goes against the public interest.

How Modern Action helps you take action on H.R. 7840

You do not have to start with a blank letter. Modern Action turns the bill, your position, and the relevant congressional context into a message you can edit and send. The goal is to make contacting Congress clear, specific, and useful without forcing you to parse bill text or figure out the right office on your own.

Questions people ask about H.R. 7840

What is H.R. 7840?

Trading platforms could not offer event contracts tied to elections, war, terrorism, crimes, government actions, or gaming. States could opt out only for gaming-related contracts. The rules would start 180 days after the bill becomes law.

How do I support or oppose H.R. 7840?

Choose support, oppose, or ask for changes on Modern Action. The action flow drafts the message for you and keeps the wording tied to this bill.

Who should I contact about H.R. 7840?

Modern Action uses your location to route the action to the congressional offices relevant to the bill and your representation.

Can Modern Action explain H.R. 7840 before I act?

Yes. Modern Action gives you a plain-English summary, current status, and action context before you send anything.