Wildfire Event Contract Prohibition Act
The source supplies the latest action, but no lifecycle stage.
Latest action (17 Aug 2026): Referred to the Committee on Agriculture, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
What this bill does
H.R. 10109, the Wildfire Event Contract Prohibition Act, would amend the Commodity Exchange Act to bar registered exchanges and clearing entities from listing or trading "event contracts" tied to wildfires. This would cover contracts based on a wildfire's ignition, location, duration, intensity, size, spread, containment, resulting evacuations, injuries, deaths, or property damage. The bill also states Congress's view that such contracts create improper incentives to profit from wildfire destruction, could undermine trust in emergency-response decisions, and might enable trading on nonpublic information about fire conditions or operations; it clarifies that state gambling laws are not preempted.
The bill would primarily affect prediction-market platforms and exchanges regulated by the Commodity Futures Trading Commission, as well as traders who might otherwise buy or sell contracts betting on wildfire outcomes. It also directs the Attorney General, working with the CFTC, USDA, Interior Department, and other agencies, to review existing federal criminal and civil laws' ability to address people who cause or profit from wildfires through such wagers, including cross-border or offshore platforms, and to report findings and legislative recommendations to relevant congressional committees within roughly 210 days of enactment.
The bill was introduced on August 17, 2026, by Rep. Michael Baumgartner and referred to the House Committees on Agriculture and the Judiciary. It has not yet been voted on, and no further action has occurred beyond introduction.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Timeline
17 Aug 2026
Referred to the Committee on Agriculture, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Common questions
- What does H.R. 10109 do?
- H.R. 10109, the Wildfire Event Contract Prohibition Act, would amend the Commodity Exchange Act to bar registered exchanges and clearing entities from listing or trading "event contracts" tied to wildfires. This would cover contracts based on a wildfire's ignition, location, duration, intensity, size, spread, containment, resulting evacuations, injuries, deaths, or property damage. The bill also states Congress's view that such contracts create improper incentives to profit from wildfire destruction, could undermine trust in emergency-response decisions, and might enable trading on nonpublic information about fire conditions or operations; it clarifies that state gambling laws are not preempted. The bill would primarily affect prediction-market platforms and exchanges regulated by the Commodity Futures Trading Commission, as well as traders who might otherwise buy or sell contracts betting on wildfire outcomes. It also directs the Attorney General, working with the CFTC, USDA, Interior Department, and other agencies, to review existing federal criminal and civil laws' ability to address people who cause or profit from wildfires through such wagers, including cross-border or offshore platforms, and to report findings and legislative recommendations to relevant congressional committees within roughly 210 days of enactment. The bill was introduced on August 17, 2026, by Rep. Michael Baumgartner and referred to the House Committees on Agriculture and the Judiciary. It has not yet been voted on, and no further action has occurred beyond introduction.
- Has H.R. 10109 become law?
- The source does not supply a confirmed lifecycle stage for H.R. 10109. Check the latest action and official source below.
- Who sponsored H.R. 10109?
- H.R. 10109 was sponsored by Rep. Baumgartner, Michael [R-WA-5] (R-WA), with 0 cosponsors.
- What's the latest action on H.R. 10109?
- Referred to the Committee on Agriculture, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (17 Aug 2026).
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