Ritchie Torres drafts bill to restrict officials’ prediction-market trading
US Representative Ritchie Torres is drafting legislation that would bar federal officials from trading prediction-market contracts when they hold non-public information from their official roles. The proposed bill follows a Polymarket trade tied to Venezuelan President Nicolás Maduro’s departure from office; the account reportedly made more than $400,000.
If enacted, the proposal would constrain prediction-market trading by federal officials with non-public information.