U.S. LAWMAKER PROPOSES BILL TO BAN OFFICIALS FROM USING PREDICTION MARKETS FOR “INSIDER TRADING”



According to The Block, U.S. Representative Ritchie Torres plans to introduce the Financial #Prediction Markets Public Integrity Act of 2026, which would prohibit federal officials from participating in political prediction markets while in possession of material nonpublic information.

The proposal follows concerns raised after a #Polymarket account bet on the removal of Nicolás Maduro ahead of a U.S. military raid, turning $32,500 into over $400,000. The incident fueled fears of insider trading. Total prediction market trading volume reached $44 billion in 2025.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)