TechFlow News, January 4th, according to The Block, U.S. Representative Ritchie Torres will introduce the "2026 Predictive Market Financial Integrity Act," which prohibits federal officials from using insider information to trade in prediction markets. This move stems from a newly created Polymarket account that placed approximately $32,000 betting on the ousting of Venezuelan President Maduro before his capture by U.S. forces, ultimately profiting over $400,000.
The bill will prohibit federally elected officials, political appointees, and executive branch employees from trading prediction market contracts related to government policies or political outcomes while possessing or potentially having access to material non-public information through their official duties.
