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. The proposed ban reflects growing scrutiny of financial activities by government officials and their access to privileged information.

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. The proposed ban reflects growing scrutiny of financial activities by government officials and their access to privileged information.