Rep. Torres targets prediction market ‘insider trading’ after trader nets $400K on Maduro’s capture: report

Representative Ritchie Torres is set to introduce the Public Integrity in Financial Prediction Markets Act of 2026 to address potential insider trading on prediction platforms. This move follows reports that a trader made over $400,000 by betting on Venezuelan President Nicolás Maduro being removed from power just before President Trump announced U.S. forces had captured him. The profitable trades on Polymarket, which yielded a 1,200% return, began climbing hours before the official announcement. Torres's proposed bill would prohibit federal officials and appointees from trading contracts tied to political outcomes when they possess material nonpublic information. Kalshi noted that its rules already prohibit trading on material non-public information. Notably, Donald Trump Jr. holds advisory roles at both Kalshi and Polymarket.

(Source：The Block)