Ritchie Torres prepares bill to restrict federal officials’ prediction-market trades
US Representative Ritchie Torres is preparing legislation to restrict certain federal officials from trading prediction-market contracts tied to government policy, actions or political outcomes when they have non-public information through their official duties. The proposed Public Integrity in Financial Prediction Markets Act of 2026 would apply to platforms engaged in interstate commerce, according to a report citing a source familiar with the bill.
The proposal could impose new trading restrictions on federal officials using prediction markets.