Ban on bets on military operations

(a) Definition In this section, the term wager — (1) means the staking or risking by any person of something of value upon the outcome of an event, including the outcome of any portion or aspect thereof, upon an agreement or understanding that the person or another person will receive something of value in the event of a certain outcome; and (2) does not include insurance for which the insured holds a lawful insurable interest— (A) under State law, within the meaning of the Act entitled An Act to express the intent of the Congress with reference to the regulation of the business of insurance, approved March 9, 1945 (commonly known as the McCarran-Ferguson Act (15 U.S.C. 1011 et seq.)); or (B) under foreign law, with respect— (i) to risks located outside the United States; or (ii) the reinsurance of risks covered under clause (i). (b) Prohibited conduct (1) Prohibition It shall be unlawful for any person to place, accept, or facilitate the placement or acceptance of a wager regarding a military operation, including pursuant to any contingency operation, sensitive military operation, introduction of American forces into hostilities, authorization for the use of military force, or war. (2) Civil action The Attorney General may bring a civil action for injunctive relief in an appropriate district court of the United States against any person who violates paragraph (1). (c) Amendments (1) Interstate and foreign travel or transportation in aid of racketeering enterprises Section 1952(b)(i)(1) of title 18, United States Code, is amended by inserting after gambling the following: (including conduct prohibited by section 3(a) of the Military Operations Bets Ban Act of 2026). (2) Prohibition of illegal gambling businesses Section 1955(b) of title 18, United States Code, is amended— (A) in paragraph (1)(i), by inserting section 3(a) of the Military Operations Bets Ban Act of 2026 or after is a violation of; and (B) in paragraph (4), by inserting conduct prohibited by section 3(a) of the Military Operations Bets Ban Act of 2026, after gambling includes but is not limited to. (3) Prohibition on funding of unlawful internet gambling Section 5362(1) of title 31, United States Code, is amended— (A) in subparagraph (D), by striking and at the end; (B) by redesignating subparagraph (E) as subparagraph (F); and (C) by inserting after subparagraph (D) the following: (i) includes conduct prohibited by section 3(a) of the Military Operations Bets Ban Act of 2026, without regard to subparagraph (F) of this paragraph; and. (4) Prohibition on trading event contracts relating to war or United States Armed Forces military operations Section 5c(c)(5)(C) of the Commodity Exchange Act (7 U.S.C. 7a–2(c)(5)(C)) is amended— (A) in clause (i)— (i) in the matter preceding subclause (I)— (I) by striking the occurrence, and inserting an occurrence,; (II) by striking 1a(2)(i)), and inserting 1a(19)(i)),; and (III) by striking or transactions each place it appears and inserting transactions, or swaps; (ii) by striking subclause (IV); and (iii) by redesignating subclauses (V) and (VI) as subclauses (IV) and (V), respectively; and (B) by striking clause (ii) and inserting the following: (ii) Prohibitions No agreement, contract, transaction, or swap may be listed or made available for clearing or trading on or through a registered entity if— (I) the agreement, contract, transaction, or swap involves war or United States Armed Forces military operations; or (II) the Commission determines the agreement, contract, transaction, or swap is contrary to the public interest under clause (i).. (d) Severability If any provision of this section or amendment made by this section, or the application of such provision or amendment to any person or circumstance, is held to be unconstitutional, the remainder of this section and the amendments made by this section, and the application of the provision or amendment to any other person or circumstance, shall not be affected. (e) Effective date This section shall take effect on the date that is 30 days after the date of enactment of this Act.