Ritchie Torres advances bill barring officials from insider prediction-market trades
US Representative Ritchie Torres said he will advance legislation barring federally elected officials, political appointees and executive branch staff from trading political or government contracts when they possess material non-public information. The proposal would direct regulators to define which platforms it covers and how enforcement would work, following scrutiny of a Polymarket wager linked to Nicolás Maduro’s capture.
The proposed restrictions could affect prediction-market operators’ controls on trading by government officials.