Senator Adam Schiff introduces the DEATH BETS Act to ban contracts related to death and warfare in the market.
Quiver AI Summary
Senator Schiff introduces the DEATH BETS Act: U.S. Senator Adam Schiff (D-Calif.) has announced the introduction of the DEATH BETS Act, aimed at prohibiting any Commodity Futures Trading Commission (CFTC) registered entity from listing contracts related to terrorism, assassination, war, or individual deaths. The legislation responds to concerns about potential profiting from predictions involving violence and loss of life.
Representative Levin to support with companion legislation: The bill is being backed by Representative Mike Levin (D-Calif.), who emphasized that existing laws have loopholes that allow for contracts betting on death and war. Schiff stated the act is necessary to ensure national security and prevent exploitation of sensitive information amid a "Wild West" environment in prediction markets.
Details of the legislation: The DEATH BETS Act aims to codify a blanket ban on any contracts regarding war, terrorism, and death, curbing the activities of prediction markets that previously thrived on such wagers. The bill is in response to instances where substantial money was wagered on military actions and other tragic events, reflecting a need for stricter regulations in this domain.
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.
Adam B. Schiff Fundraising
Adam B. Schiff recently disclosed $1.4M of fundraising in a Q4 FEC disclosure filed on January 31st, 2026. This was the 35th most from all Q4 reports we have seen this year. 99.0% came from individual donors.
Schiff disclosed $572.9K of spending. This was the 102nd most from all Q4 reports we have seen from politicians so far this year.
Schiff disclosed $9.6M of cash on hand at the end of the filing period. This was the 22nd most from all Q4 reports we have seen this year.
You can see the disclosure here, or track Adam B. Schiff's fundraising on Quiver Quantitative.
Adam B. Schiff Net Worth
Quiver Quantitative estimates that Adam B. Schiff is worth $2.1M, as of March 11th, 2026. This is the 249th highest net worth in Congress, per our live estimates.
Schiff has approximately $1.2M invested in publicly traded assets which Quiver is able to track live.
You can track Adam B. Schiff's net worth on Quiver Quantitative's politician page for Schiff.
Adam B. Schiff Bill Proposals
Here are some bills which have recently been proposed by Adam B. Schiff:
- S.3961: A bill to prohibit solicitation by institutional investors after a major disaster, and for other purposes.
- S.3928: A bill to direct the Administrator of the Environmental Protection Agency to conduct a study, and publish guidance on, calculating and reporting scope 3 emissions.
- S.3827: Financial Disclosure Modernization Act
- S.3813: CLEAR Act
- S.3720: Bay Area Ridge National Scenic Trail Feasibility Study Act
- S.3669: Plant-Powered School Meals Pilot Act
You can track bills proposed by Adam B. Schiff on Quiver Quantitative's politician page for Schiff.
2030 California US Senate Election
There has been approximately $30,543,399 of spending in California US Senate elections over the last two years, per our estimates.
Approximately $705,516 of this has been from outside spending by PACs and Super PACs. Some of the groups who are spending money in this race include:
- STANDING STRONG PAC ($345,000)
- REFORM LEADERS PAC ($330,746)
- FAIRSHAKE ($8,332)
- PLANNED PARENTHOOD AFFILIATES OF CALIFORNIA VOTES PAC ($5,552)
- SAN FRANCISCO DEMOCRATIC COUNTY CENTRAL COMMITTEE ($3,880)
You can track this election on our matchup page for the 2030 California US Senate election.
