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Press Release: Murphy and Casar Propose Legislation to Ban Prediction Markets on Government Actions and Events

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Senators Murphy and Casar introduced the BETS OFF Act to prohibit prediction markets on government matters and sensitive events.

Quiver AI Summary

Senators Introduce Bill to Ban Prediction Markets: U.S. Senator Chris Murphy and Representative Greg Casar have presented the Banning Event Trading on Sensitive Operations and Federal Functions (BETS OFF) Act, aimed at prohibiting betting on government actions and events susceptible to manipulation. This bipartisan legislation seeks to amend existing gambling laws to tackle prediction markets operating offshore.

Concerns Over Corruption and Public Trust: The authors of the bill raised alarms about insider trading on prediction markets, citing suspicious activities linked to government events. Various lawmakers emphasized preventing unethical practices that could compromise national security and public trust, with polling indicating broad voter support for banning such markets.

Endorsements and Consequences: The BETS OFF Act has garnered support from multiple advocacy groups concerned about the negative impact of prediction markets. If enacted, the legislation would impose criminal penalties on individuals involved in promoting or managing these betting activities within the U.S., reinforcing existing regulations against illegal gambling.

Disclaimer: This is an AI-generated summary of a press release. The model used to summarize this release may make mistakes. See the full release here.

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Christopher Murphy Fundraising

Christopher Murphy Fundraising

Christopher Murphy recently disclosed $557.4K of fundraising in a Q4 FEC disclosure filed on January 30th, 2026. This was the 145th most from all Q4 reports we have seen this year. 100.0% came from individual donors.

Murphy disclosed $400.6K of spending. This was the 155th most from all Q4 reports we have seen from politicians so far this year.

Murphy disclosed $10.8M of cash on hand at the end of the filing period. This was the 16th most from all Q4 reports we have seen this year.

You can see the disclosure here, or track Christopher Murphy's fundraising on Quiver Quantitative.

Christopher Murphy Net Worth

Quiver Quantitative estimates that Christopher Murphy is worth $904.0K, as of March 18th, 2026. This is the 338th highest net worth in Congress, per our live estimates.

Murphy has approximately $0 invested in publicly traded assets which Quiver is able to track live.

You can track Christopher Murphy's net worth on Quiver Quantitative's politician page for Murphy.

Christopher Murphy Bill Proposals

Here are some bills which have recently been proposed by Christopher Murphy:

  • S.4088: A bill to amend the Federal Crop Insurance Act to improve education and risk management assistance, and for other purposes.
  • S.4086: A bill to establish protections for health care providers who raise concerns about the quality of health care services, and for other purposes.
  • S.4085: A bill to amend title XVIII of the Social Security Act to prevent hospitals or skilled nursing facilities that are owned by certain firms from participating in the Medicare program.
  • S.3668: A bill to direct the United States Postal Service to designate a single, unique ZIP Code for Scotland, Connecticut.
  • S.3646: No Political Enemies Act
  • S.3571: Keeping Our Agents on the Line Act

You can track bills proposed by Christopher Murphy on Quiver Quantitative's politician page for Murphy.

2030 Connecticut US Senate Election

There has been approximately $17,303,742 of spending in Connecticut US Senate elections over the last two years, per our estimates.

Approximately $110,160 of this has been from outside spending by PACs and Super PACs.

You can track this election on our matchup page for the 2030 Connecticut US Senate election.

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