HB10109: Wildfire Event Contract Prohibition Act

What the bill says

To amend the Commodity Exchange Act to prohibit wildfire event contracts on prediction markets, and for other purposes.

From the introduced text, August 17, 2026:

A BILL To amend the Commodity Exchange Act to prohibit wildfire event contracts on prediction markets, and for other purposes. SECTION 1. Short title This Act may be cited as the Wildfire Event Contract Prohibition Act . SECTION 2. Prohibition on wildfire event contracts Section 5c(c)(5) of the Commodity Exchange Act ( 7 U.S.C. 7a-2(c)(5) ) is amended by adding at the end the following: (D) Prohibition on wildfire event contracts (i) In general Notwithstanding any other provision of this section, no agreement, contract, transaction, or swap involving a matter described in clause (ii) (or any index, measure, value, or data related thereto, or occurrence, extent of an occurrence, or contingency based thereon) may be listed or made available for clearing or trading on or through a registered entity. (ii) Matter described The matter referred to in clause (i) is any wildfire event, including the ignition, occurrence, location, duration, intensity, size, spread, containment, evacuation resulting from, injury or death caused by, or property damage resulting from a wildfire. . SECTION 3. Sense of congress It is the sense of Congress that-- (1) wildfire event contracts create an improper financial incentive to profit from the ignition, spread, duration, and destructive effects of a wildfire; (2) such contracts may undermine public confidence in emergency-response decisions and create opportunities to exploit material nonpublic …

Read the full official text

Sponsors

• Michael Baumgartner (R, HD-005) · primary sponsor

Latest actions

1. August 17, 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.
2. August 17, 2026: Introduced in House

Common questions

What is HB10109?

HB10109 is a bill in Congress (119th Congress): Wildfire Event Contract Prohibition Act.

What does HB10109 do?

In its own words: To amend the Commodity Exchange Act to prohibit wildfire event contracts on prediction markets, and for other purposes.

What is the status of HB10109?

In committee as of August 17, 2026. Latest action: 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. (August 17, 2026).

Who sponsored HB10109?

Michael Baumgartner (R, HD-005).

Where is the official record for HB10109?

On the Congress website: https://www.congress.gov/bill/119th-congress/house-bill/10109