TechFlow news, January 10 — According to The Block, U.S. Democratic lawmakers introduced a bill titled the "Public Integrity in Prediction Markets Act of 2026" aimed at banning federal elected officials, political appointees, and executive branch employees from profiting by betting on prediction markets using insider information regarding government policies, actions, or political outcomes. The bill was formally introduced by New York Democratic Representative Ritchie Torres and has garnered support from 30 Democratic lawmakers, including former House Speaker Nancy Pelosi.
The move follows recent controversy over bets linked to the arrest of former Venezuelan President Maduro. Reports indicate that a Polymarket account earned $400,000 by correctly predicting Maduro would be "removed from power" before the end of this month, sparking concerns about insider trading.
