A U.S. Representative is targeting potential "insider trading" within prediction markets, according to reports. The move follows a report of a trader netting a substantial profit by wagering on the capture of Maduro. The proposed bill would restrict federal employees from trading prediction market contracts linked to government policy if they have access to material, non-public information. The development aims to ensure fairness and prevent the misuse of privileged information within these markets.

A U.S. Representative is targeting potential "insider trading" within prediction markets, according to reports. The move follows a report of a trader netting a substantial profit by wagering on the capture of Maduro. The proposed bill would restrict federal employees from trading prediction market contracts linked to government policy if they have access to material, non-public information. The development aims to ensure fairness and prevent the misuse of privileged information within these markets.