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The BETS OFF Act prohibits wagering on specified events, including acts of terrorism, assassinations, wars, and certain government actions or events whose outcomes are controlled by or known in advance by any person. The bill amends federal gambling and commodities laws to incorporate this prohibition and authorizes the Attorney General to bring civil actions for injunctive relief against violators. Insurance products with lawful insurable interest under state, foreign, or federal law are exempted from the ban.
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