Coalition for Prediction Markets backs Rep. Ritchie Torres’s Bill against insider trading
The Coalition for Prediction Markets has shown support for Representative Ritchie Torres’s effort to strengthen integrity in the sector. It was in early January when the Congressman announced he would be introducing a bill called the ‘Public Integrity in Financial Prediction Markets Act of 2026. If passed, it would prohibit federal elected officials, political appointees, Executive Branch employees, and congressional staff from buying, selling, or exchanging prediction market contracts tied to government policy, government action, or political outcomes when they are privy to non-public information or could reasonably obtain such information through their work. This came at a time when an anonymous Polymarket user cashed out with over $400,000 on a trade related to the operation to depose Venezuelan President Nicolás Maduro which prompted some concerns. Coalition for Prediction Markets is aiming to keep the market accessible to everyone In a post on X, the recently formed coalition has shared Rep Ritchie Torres’ op-ed piece in the Washington Post and expanded on their views. We support @RepRitchie Torres's effort to strengthen integrity and accountability in …
