A new House bill introduced by Rep. Ritchie Torres seeks to prohibit government officials from participating in prediction markets. The legislation is motivated by concerns that politicians may exploit insider information for personal gain within these markets. The bill addresses the intersection of political integrity and financial markets, raising questions about the potential for conflicts of interest when individuals with access to non-public information engage in speculative trading activities.

A new House bill introduced by Rep. Ritchie Torres seeks to prohibit government officials from participating in prediction markets. The legislation is motivated by concerns that politicians may exploit insider information for personal gain within these markets. The bill addresses the intersection of political integrity and financial markets, raising questions about the potential for conflicts of interest when individuals with access to non-public information engage in speculative trading activities.