
The bill seeks to prevent federal officials from engaging in prediction markets tied to political outcomes, aiming to preserve public trust and integrity in governance.
Representatives Ritchie Torres and Nancy Pelosi have introduced the Financial Prediction Market Public Integrity Act of 2026, prohibiting federal officials and their staff from trading prediction market contracts related to government policy or political outcomes based on non-public information. The bill follows concerns raised by a $400,000 bet made on Polymarket regarding Venezuela’s leadership.