{"id":75952,"date":"2026-03-11T22:03:58","date_gmt":"2026-03-11T22:03:58","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=75952"},"modified":"2026-03-11T22:03:58","modified_gmt":"2026-03-11T22:03:58","slug":"democrats-move-to-ban-prediction-markets-on-war-and-death-what-it-means-for-defi","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=75952","title":{"rendered":"Democrats Move to Ban Prediction Markets on War and Death: What It Means for DeFi"},"content":{"rendered":"<div>\n<p>Two Democrats just dropped a bill that could shake prediction markets to their core.<\/p>\n<p>Rep. Mike Levin and Sen. Adam Schiff introduced the DEATH BETS Act on March 10. The goal is simple. Make it illegal to bet on wars, assassinations, and deaths.<\/p>\n<p>Over $500 million was wagered on the timing of US military strikes against Iran alone. That is the number Levin cited. and it\u2019s hard to ignore. Platforms like Kalshi and Polymarket have been quietly racking up hundreds of millions in volume on exactly this type of contract. DeFi prediction markets are in the crosshairs, too.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">JUST IN: <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/17.0.2\/72x72\/1f1fa-1f1f8.png\" alt=\"\ud83c\uddfa\ud83c\uddf8\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> U.S. lawmakers introduced the \u201cDEATH BETS Act\u201d to ban prediction markets that let traders bet on war, assassinations, or people dying. <a href=\"https:\/\/t.co\/UPyvHU5HQw\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/UPyvHU5HQw<\/a><\/p>\n<p>\u2014 SwanDesk (@SwanDesk) <a href=\"https:\/\/twitter.com\/SwanDesk\/status\/2031652690078343454?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">March 11, 2026<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>This one is worth watching closely.<\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/best-crypto-presales\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">The Next 1000x Crypto Gem Before It Lists on Binance<\/a><\/strong><\/p>\n<h2>What the DEATH BETS Act Actually Says<\/h2>\n<p>This bill does not just slap a warning label on these markets. It goes straight into the Commodity Exchange Act and bans them by law.<\/p>\n<p>Any CFTC-registered platform would be prohibited from listing contracts tied to terrorism, assassination, war, or an individual\u2019s death. That last one is new. The CFTC already had some authority over terrorism and assassination contracts. Adding \u201can individual\u2019s death\u201d as its own category is a meaningful expansion.<\/p>\n<p>Here is why that matters. A regulatory rule can be reversed by the next administration. A law requires Congress to act. This is built to stick.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/17.0.2\/72x72\/1f6a8.png\" alt=\"\ud83d\udea8\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\">NEW: US LAWMAKERS MOVE TO BAN PREDICTION MARKETS TIED TO DEATHS OR WARS<\/p>\n<p>Democratic lawmakers, Adam Schiff and Mike Levin have introduced legislation aimed at banning certain prediction market bets.<\/p>\n<p>The bill targets contracts tied to war, death, and assassinations. Lawmakers\u2026 <a href=\"https:\/\/t.co\/BaDx93UwGg\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/BaDx93UwGg<\/a><\/p>\n<p>\u2014 BSCN (@BSCNews) <a href=\"https:\/\/twitter.com\/BSCNews\/status\/2031662459292160193?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">March 11, 2026<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Schiff was blunt about it. Betting on war and death lets insiders profit off nonpublic information, threatens national security, and encourages violence.<\/p>\n<p>Levin went further. He called these markets immoral and said platforms were renaming assassination bets as \u201cregime change\u201d predictions just to dodge existing rules.<\/p>\n<p>If that framing holds up in Congress, the door closes fast.<\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/best-meme-coins\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">Best Meme Coin Presales to Invest in 2026<\/a><\/strong><\/p>\n<h2>Why Prediction Markets Are Suddenly in the Crosshairs<\/h2>\n<p>The Iran contracts were not a one-off. Polymarket ran a contract on Khamenei\u2019s removal that hit $54 million. Contracts on Maduro. On Ukrainian territory. These platforms became a live market for geopolitical intelligence with zero oversight.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-large wp-image-340391\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2026\/03\/photo_2026-03-11_21-05-57-1024x578.jpg\" alt=\"\" width=\"1024\" height=\"578\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2026\/03\/photo_2026-03-11_21-05-57-1024x578.jpg 1024w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2026\/03\/photo_2026-03-11_21-05-57-300x169.jpg 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2026\/03\/photo_2026-03-11_21-05-57-768x434.jpg 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2026\/03\/photo_2026-03-11_21-05-57-50x28.jpg 50w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2026\/03\/photo_2026-03-11_21-05-57.jpg 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\"><\/p>\n<p>(Source: Polymarket)<\/p>\n<p>That is the bill\u2019s sharpest argument. If an intelligence official knows a strike is coming 48 hours early, they place a bet and cash out. Nobody catches it. The CFTC has nothing close to the SEC\u2019s insider trading infrastructure.<\/p>\n<p>The Polymarket angle makes it messier. Trump Jr. joined their advisory board in early 2026. CFTC investigations into the platform reportedly stalled around the same time. Draw your own conclusions.<\/p>\n<p>The bill targets registered platforms directly. DeFi protocols are not explicitly named. Regulators have heard, \u201cbut it is decentralized,\u201d before. It never holds forever. Centralized platforms get hit first, then the pressure migrates out.<\/p>\n<p>Levin admits the math is tough. Republicans control both chambers, and prediction markets have allies in Trump circles. This likely stalls in committee.<\/p>\n<p>But it does not need to pass to matter. The CFTC is already rewriting the rules, and this bill forces them to move harder and faster. The bill may die, but the pressure behind it will not.<\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/best-meme-coins\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">Best Meme Coin ICOs to Invest in 2026<\/a><\/strong><\/p>\n<p><strong><span data-preserver-spaces=\"true\">Follow 99Bitcoins on <\/span><a class=\"general-link\" href=\"https:\/\/x.com\/99BitcoinsHQ\" target=\"_blank\" rel=\"nofollow noopener\">X<\/a>\u00a0For the Latest Market Updates and Subscribe on\u00a0<a class=\"general-link\" href=\"https:\/\/www.youtube.com\/@99bitcoins\" target=\"_blank\" rel=\"nofollow noopener\">YouTube<\/a>\u00a0For Daily Expert Market Analysis.<\/strong><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/legal\/democrats-ban-prediction-markets-war-death-defi\/\">Democrats Move to Ban Prediction Markets on War and Death: What It Means for DeFi<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Two Democrats just dropped a bill that could shake prediction markets to their core. Rep. Mike Levin and Sen. Adam Schiff introduced the DEATH BETS Act on March 10. The goal is simple. Make it illegal to bet on wars, assassinations, and deaths. Over $500 million was wagered on the timing of US military strikes [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-75952","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/75952","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=75952"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/75952\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=75952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=75952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=75952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}