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US Congressman Ritchie Torres to Introduce Bill Banning Federal Officials from Using Insider Information in Market Predictions
Summary: According to Theblock, US Congressman Ritchie Torres will introduce the '2026 Market Prediction Financial Integrity Act', which will prohibit federal officials from using insider information to trade in prediction markets. This comes after a newly created Polymarket account bet around $32,000 on the capture of Venezuelan President Maduro by the US military before profiting over ...
According to Theblock, US Congressman Ritchie Torres will introduce the '2026 Market Prediction Financial Integrity Act', which will prohibit federal officials from using insider information to trade in prediction markets. This comes after a newly created Polymarket account bet around $32,000 on the capture of Venezuelan President Maduro by the US military before profiting over $400,000. The bill will prohibit federally elected officials, political appointees, and executive branch employees from trading in prediction market contracts related to government policies or political outcomes when in possession of or potentially gaining significant non-public information through official duties.
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Link: US Congressman Ritchie Torres to Introduce Bill Banning Federal Officials from Using Insider Information in Market Predictions [Copy]
