,i  #aaith ,,congress  #b;d ,session    
,h4 ,r4 #ajaji  ,,in ,,the ,,house ,,of 
,,representatives  ,august #ag1         
#bjbf,mr4 ,baumgartner introduced the   
following bill2 which was referred to   
the ,committee on ,agriculture1 and in  
addition to the ,committee on the       
,judiciary1 for a period to be          
subsequently determined by the ,speaker1
 in each case for consideration of such 
provisions as fall within the           
jurisdiction of the committee concerned 
,a ,,bill  ,to amend the ,commodity     
,exchange ,act to prohibit wildfire     
event contracts on prediction markets1  
and for other purposes4  #a4 ,short     
title ,this ,act may be cited as the    
,wildfire ,event ,contract ,prohibition 
,act4  #b4 ,prohibition on wildfire     
event contracts ,section #e;c7c77#e7 of 
the ,commodity ,exchange ,act 7#g       
,u4,s4,c4 #g;a-#b7;c77#e77 is amended by
 adding at the end the following3  7,d7 
,prohibition on wildfire event contracts
  7i7 ,in general ,notwithstanding any  

other provision of this section1 no     
agreement1 contract1 transaction1 or    
swap involving a matter described in    
clause 7ii7 7or any index1 measure1     
value1 or data related thereto1 or      
occurrence1 extent of an occurrence1 or 
contingency based thereon7 may be listed
 or made available for clearing or      
trading on or through a registered      
entity4  7ii7 ,matter described ,the    
matter referred to in clause 7i7 is any 
wildfire event1 including the ignition1 
occurrence1 location1 duration1         
intensity1 size1 spread1 containment1   
evacuation resulting from1 injury or    
death caused by1 or property damage     
resulting from a wildfire4  4  #c4      
,sense of congress ,it is the sense of  
,congress that-- 7#a7 wildfire event    
contracts create an improper financial  
incentive to profit from the ignition1  
spread1 duration1 and destructive       
effects of a wildfire2  7#b7 such       
contracts may undermine public          
confidence in emergency-response        

decisions and create opportunities to   
exploit material nonpublic information  
concerning wildfire conditions1 incident
 operations1 evacuation orders1 or      
containment activities2  7#c7 federally 
regulated markets should not facilitate 
gambling on the destruction of homes1   
businesses1 natural resources1 or       
communities2 and  7#d7 nothing in this  
,act or an amendment made by this ,act  
preempts a ,state law that regulates or 
prohibits gambling or gaming4  #d4      
,review of existing authorities relating
 to wildfire event trading  7a7 ,review 
,not later than #ahj days after the date
 of enactment of this ,act1 the         
,attorney ,general1 in consultation with
 the ,chairman of the ,commodity        
,futures ,trading ,commission1 the      
,secretary of ,agriculture1 the         
,secretary of the ,interior1 and the    
heads of such other ,federal agencies as
 the ,attorney ,general determines      
appropriate1 shall conduct a review of  
existing ,federal criminal and civil    

authorities relating to conduct         
undertaken for the purpose of           
influencing1 exploiting1 or profiting   
from a wildfire event through an event  
contract or other wager4  7b7 ,matters  
included ,the review under subsection   
7a7 shall include an assessment of--    
7#a7 ,federal criminal and civil        
authorities applicable to an individual 
who intentionally causes1 attempts to   
cause1 or conspires with another person 
to cause a wildfire for the purpose of  
influencing the outcome of1 or profiting
 from1 an event contract or other wager2
  7#b7 ,federal criminal and civil      
authorities applicable to an individual 
who trades on the basis of material     
nonpublic information relating to a     
wildfire event1 including information   
regarding ignition1 fire behavior1      
incident response1 evacuation1 or       
containment2  7#c7 the applicability of 
,federal conspiracy1                    
aiding-and-abetting1 fraud1             
market-manipulation1 money-laundering1  

forfeiture1 and illegal gambling        
authorities to conduct described in     
paragraphs 7#a7 and 7#b72  7#d7 the     
ability of ,federal agencies to         
investigate and pursue conduct involving
 offshore prediction-market platforms1  
digital assets1 or other cross-border   
means of placing or facilitating wagers 
on wildfire events2  7#e7 barriers to   
coordination among the ,department of   
,justice1 the ,commodity ,futures       
,trading ,commission1 ,federal          
land-management agencies1 ,state and    
local law enforcement agencies1 and     
wildfire incident-management personnel2 
and  7#f7 whether additional            
legislation1 including enhanced         
penalties1 forfeiture authorities1      
reporting requirements1 or              
information-sharing authorities1 is     
necessary to deter and prosecute such   
conduct4  7c7 ,report ,not later than   
#cj days after completing the review    
required under subsection 7a71 the      
,attorney ,general shall submit to the  

,committee on the ,judiciary and the    
,committee on ,agriculture of the ,house
 of ,representatives and the ,committee 
on the ,judiciary and the ,committee on 
,agriculture1 ,nutrition1 and ,forestry 
of the ,senate a report describing the  
findings of the review and any          
legislative recommendations4