In 2022, the Bureau of Alcohol, Tobacco, Firearms, and Explosives (AFT) published their final rule on Privately Manufactured Firearms ("ghost guns")that said, among other things, these types of firearms are subject to the rules that govern commercially manufactured firearms. (ex. the firearm must have serial number, a buyer must pass a background check before purchasing components, and the firearm must be "detectable" in compliance with the Gun Control Act of 1968). On Monday, April 22, 2024, SCOTUS granted certiorari to the Vanderstok v. Garland case that challenges the ATF's final rule. Arguments are set for the 2024-2025 term.

Read more about the case here.

ATF's section on PMFs ("ghost guns").

Market will resolve "Yes" if the court upholds the final rule. Market will resolve "No" if the court rules that PMFs are not subject to the final rule OR if the court rules that the final rule is unconstitutional. Market will resolve "N/A" if any other outcome occurs.