Ban Gambling on Elections Act of 2024

This bill prohibits financial markets from listing or trading any agreements, contracts, or swaps tied to political elections or election outcomes. It directly affects financial institutions, exchanges, and clearinghouses that handle derivative products, banning them from offering or facilitating bets on election results or related metrics. The key mechanism amends the Commodity Exchange Act to explicitly forbid such election-linked financial instruments from being traded or cleared through registered entities. This creates a clear regulatory barrier to prevent speculative betting on electoral contests.