According to Foresight News , citing The Block, Democratic lawmakers have introduced a bill called the "Prediction Markets Public Integrity Act of 2026," which aims to prohibit elected federal officials, political appointees, and executive branch employees from using insider information to bet on and profit from government policies, actions, or political outcomes in prediction markets.
The bill, formally introduced by New York Democratic Representative Ritchie Torres, has garnered support from 30 Democratic lawmakers, including former House Speaker Nancy Pelosi. This move stems from a controversial betting incident related to the recent arrest of former Venezuelan President Maduro.
