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Merkley-Raskin bill would ban election and sports contracts on US exchanges

A Defiant report says a Merkley-Raskin bill would ban election and sports contracts on US exchanges. The post states the March 26 proposal also targets US government-action contracts, with a commercial-hedging exception defined by the CFTC, and that it remains in committee.

Why “Unverified”

  • Reported by The Defiant alone, with no second source or primary confirmation yet

1 independent source group across 1 post · evidence score 52/100. How labels work

What the sources claim

  1. The Merkley-Raskin bill would ban election and sports contracts on US exchanges.

    “Merkley-Raskin Bill Would Ban Election and Sports Contracts on US Exchanges”
    The Defiant

  2. The March 26 proposal also targets US government-action contracts.

    “The March 26 proposal also targets US government-action contracts”
    The Defiant

  3. The proposal includes a commercial-hedging exception defined by the CFTC.

    “with a commercial-hedging exception defined by the CFTC”
    The Defiant

  4. The bill remains in committee.

    “It remains in committee.”
    The Defiant

Sources

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Summary and claims extracted by AI with prompt analyze-story@5 on 2026-11-06 18:40 UTC. Labels are computed from the sources, not by the model.