US Lawmakers Move to Block Insider Bets on Prediction Markets

Published by

Sohrab Khawas

January 6, 2026

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Rep. Ritchie Torres has introduced a new bill aimed at banning federal officials from trading on prediction markets using non-public information. The proposal, called the Public Integrity in Financial Prediction Markets Act of 2026, comes after concerns that U.S. insiders may have profited from sensitive Venezuela-related bets. Prediction markets allow users to wager on real-world outcomes like elections, conflicts, and political changes. Lawmakers fear officials with access to classified intelligence could exploit these platforms for personal gain. The bill seeks to protect public trust by closing loopholes that could enable insider trading on geopolitical events.

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Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

Published by

Sohrab Khawas

Tags: Crypto news