PANews reported on January 4th that, according to The Block, U.S. Representative Ritchie Torres plans to introduce the "Public Integrity Act for Financial PredictionPANews reported on January 4th that, according to The Block, U.S. Representative Ritchie Torres plans to introduce the "Public Integrity Act for Financial Prediction
US lawmakers are considering legislation to ban officials from using prediction markets for "insider trading."
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PANews reported on January 4th that, according to The Block, U.S. Representative Ritchie Torres plans to introduce the "Public Integrity Act for Financial Prediction Markets of 2026," which would prohibit federal officials from participating in political prediction market trading when they have access to material, non-public information. This proposal stems from a Polymarket account that bet on Maduro's downfall before the U.S. military raid, turning a mere $32,500 into over $400,000, raising concerns about insider trading. The total trading volume in prediction markets is projected to reach $44 billion by 2025.
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