US lawmakers propose banning federal officials from trading on prediction markets using insider information

PANews, January 10—According to Crypto.news, Congressman Ritchie Torres (Democrat from New York) and former Speaker of the House Nancy Pelosi have spearheaded legislation aimed at preventing federal officials from betting on prediction markets. The newly announced “2026 Financial Prediction Market Public Integrity Act” will prohibit federally elected officials, political appointees, executive branch employees, and congressional staff from buying, selling, or exchanging prediction market contracts related to government policy, government actions, or political outcomes, provided they possess or may reasonably acquire material non-public information through their official positions.