U.S. Representative Proposes Ban on Federal Officials Trading Prediction Markets

U. S. Representative Ritchie Torres has introduced new legislation aimed at restricting federal officials from engaging in prediction market trading, particularly when such activity may rely on non-public information. The proposal follows heightened scrutiny around prediction market bets linked to Venezuela-related events, which raised concerns about the potential misuse of inside knowledge by government officials source: https://www.ethnews.com/u-s-representative-proposes-ban-on-federal-officials-trading-prediction-markets/