Democratic Representative Ritchie Torres plans to introduce the "2026 Public Integrity Act for Financial Prediction Markets" to Congress this week. The proposed legislation aims to prohibit federal elected officials, politically appointed officials, and executive branch employees from trading on prediction markets using non-public information. This move follows reports of insiders profiting from precise bets on political outcomes, such as those involving Venezuelan President Nicolás Maduro.
U.S. Congressman Proposes Bill to Ban Insider Trading on Prediction Markets
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