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Democratic Lawmakers Set to Introduce Bill Banning Government Official Trading on Inside Information via Prediction Markets This Week
BlockBeats News, January 6th, according to businessinsider, insider sources previously made hundreds of thousands of dollars in profits by making a precise bet on the political future of Venezuelan President Nicolás Maduro. A congressman tried to prevent government officials from similar operations.
A spokesperson for New York Democratic Congressman Ritchie Torres said Torres plans to introduce a bill this week called the "2026 Financial Forecasting Market Public Integrity Act." The bill would prohibit federally elected officials, political appointees, and executive branch employees from trading on prediction markets when in possession of undisclosed trading-related information or when they may obtain such information through their positions.
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