A new House bill introduced by Rep. Ritchie Torres seeks to prohibit government officials from participating in prediction markets. The legislation addresses concerns about the potential misuse of insider information by politicians within these markets. The bill aims to prevent the possibility of officials leveraging non-public knowledge for financial gain in prediction market activities. The development highlights ongoing scrutiny of financial activities by government officials and efforts to ensure fairness and transparency.

A new House bill introduced by Rep. Ritchie Torres seeks to prohibit government officials from participating in prediction markets. The legislation addresses concerns about the potential misuse of insider information by politicians within these markets. The bill aims to prevent the possibility of officials leveraging non-public knowledge for financial gain in prediction market activities. The development highlights ongoing scrutiny of financial activities by government officials and efforts to ensure fairness and transparency.