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BTCC / BTCC Square / Global Cryptocurrency /
US Lawmakers Move to Block Insider Bets on Prediction Markets

US Lawmakers Move to Block Insider Bets on Prediction Markets

Author:
Global Cryptocurrency
Published:
2026-01-06 06:11:02
17
2
BTCCSquare news:

Rep. Ritchie Torres has introduced the Public Integrity in Financial Prediction Markets Act of 2026, targeting federal officials who might exploit non-public information for personal gain on prediction platforms. The legislation follows concerns over insider trading linked to geopolitical events, particularly Venezuela-related bets.

Prediction markets, which allow wagers on real-world outcomes like elections and conflicts, face heightened scrutiny. Lawmakers argue classified intelligence access creates unfair advantages. The bill aims to close loopholes and restore public trust in financial markets.

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