New York State Democratic Congressman Ritchie Torres plans to introduce the "2026 Financial Prediction Market Public Integrity Act" to combat potential "insider trading" behaviors in prediction markets. The bill proposes to prohibit federal elected officials, political appointees, and administrative employees from trading on prediction market contracts related to government policies or political outcomes when they possess or can reasonably obtain material non-public information through their official duties. (The Block)
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New York State Democratic Congressman Ritchie Torres plans to introduce the "2026 Financial Prediction Market Public Integrity Act" to combat potential "insider trading" behaviors in prediction markets. The bill proposes to prohibit federal elected officials, political appointees, and administrative employees from trading on prediction market contracts related to government policies or political outcomes when they possess or can reasonably obtain material non-public information through their official duties. (The Block)