US EditionDemocrat Introduces Bill Targeting Insider Trading in Prediction Markets
Rep. Ritchie Torres aims to ban federal officials from insider trading on prediction markets after a $400,000 profit on a bet about Venezuela's Maduro raised concerns over nonpublic information use.
- On January 5, 2026, Rep. Ritchie Torres, Democrat from New York, introduced the Public Integrity in Financial Prediction Markets Act of 2026 to ban government employees from trading on prediction markets using material nonpublic information.
- Between Dec. 27 and Jan. 3, an anonymous Polymarket account turned roughly $32,000 into over $400,000 by betting on Maduro's removal.
- Trading volumes on Polymarket reached $56.6 million, and combined bets on Polymarket and Kalshi totaled $64.3 million, with an account placing 13 bets totaling $33,934.34.
- Platform spokespeople noted that Chainalysis said the bettor cashed out winnings in Solana through a major American exchange with no indication of hiding or laundering funds, and Kalshi spokeswoman Elisabeth Diana stated, `'Kalshi explicitly prohibits insider trading of any form, including government employees trading on prediction markets related to government activity.'
- Regulatory context shows prediction markets rose to more than $13 billion under Commodity Futures Trading Commission oversight, which faces a regulatory resource gap even as the industry could reach $1 trillion by 2030.
139 Articles
139 Articles
New York. An unknown operator obtained a profit of approximately $410 thousand after betting that Venezuela’s president, Nicolás Maduro, would be removed from office. The operator’s account at Polymarket accumulated positions in contracts linked to Maduro’s dismissal under conditions that reflected low odds prior to the weekend events. These bets, which were worth about $34,000 before Maduro’s kidnapping, were revalued after the news of an Ameri…
The capture of the Venezuelan president, Nicolás Maduro, generated a $400,000 profit from an anonymous user through Polymarket, a platform of predictive markets where you can bet on events of world relevance. Just before the US intervention in Venezuela, the person bet $32,000 that Maduro would be overthrown before January 31, 2026. Continue reading
One person placed a bet on the Polymarket platform and won $436,000 with the capture of Nicolás Maduro: it is believed that they were close to the operative
The bet was made just hours before the official announcement of the arrest, raising questions about possible use of inside information.
A mysterious operator made a profit of nearly US$410,000 after taking positions in a predictive market about the departure of Chavista leader Nicolás Maduro, shortly before the U.S. military operation that culminated in his capture was publicly known.According to data from Polymarket, a cryptocurrency-driven platform, the account was created in December. His first relevant purchase was made on December 27, when he purchased contracts for just US…
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- 36% of the sources lean Left, 36% of the sources are Center
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