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Polymarket wallets reportedly gain US$630,484 on Maduro-related bets

Regulation

Three digital wallets reportedly made a combined US$630,484 on Polymarket contracts predicting Nicolás Maduro would leave power before the end of January, after placing bets hours before his capture was publicly confirmed on 3 January. New York representative Ritchie Torres said he was working on a bill to bar certain federal officials and employees from prediction-market contracts when they hold material non-public information; Kalshi said its rules already prohibit participation by people with classified information.

The proposed restrictions could affect prediction-market platforms operating in the US, including Polymarket and Kalshi.

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Regulation

Kalshi backs proposed US bill on insider trading in prediction markets

Kalshi CEO Tarek Mansour said the company supports a forthcoming bill from Representative Ritchie Torres that would bar federal officials and other senior government figures from trading on prediction markets using non-public information. Mansour said Kalshi prohibits insider trading and argued that regulated US exchanges should be distinguished from offshore platforms. The proposed bill would apply to regulated American companies, according to the report.

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