Legislation Proposed to Regulate Financial Forecast Markets

According to Foresight News, New York Democrat Ritchie Torres plans to introduce the Financial Forecast Markets Public Integrity Act of 2026. Sources indicate that the legislation aims to prohibit federal elected officials, political appointees, and executive branch employees from engaging in certain transactions involving prediction market contracts if they possess significant non-public information or can reasonably obtain such information through their official duties. The restriction applies to buying, selling, or exchanging prediction market contracts linked to government policy, actions, or political outcomes on interstate commercial platforms.