US EditionDemocrat Introduces Bill Targeting Insider Trading in Prediction Markets
The bill targets government employees' involvement in politically sensitive event contracts after an anonymous trader made over $400,000 betting on Maduro’s capture, raising insider trading concerns.
- 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.
225 Articles
225 Articles
A $400,000 payout after Maduro's capture is putting prediction ma
Prediction markets let people wager on anything from a basketball game to the outcome of a presidential election — and recently, the downfall of former Venezuelan President Nicolás Maduro . The latter is drawing renewed scrutiny into this murky world of speculative, 24/7 transactions. Last week, an anonymous trader pocketed more than $400,000 after betting that Maduro would soon be out of office. The bulk of the trader’s bids on the platform Pol…
Associated Press News
A $400,000 payout after Maduro's capture is putting prediction markets in the spotlight
Prediction markets let people wager on anything from a basketball game to the outcome of a presidential election — and recently, the downfall of former Venezuelan President Nicolás Maduro.
The U.S. operation in Venezuela flooded social networks, including images of the arrest of Nicolás Maduro, but also scenes of people's lies in the streets of Caracas. Even though there are many Venezuelans who are relieved by the departure of the dictator, they have never manifested in the country. The images conveyed on this subject are therefore false. They are generated by the AI. Yet, the first to broadcast them is the President of the Unite…
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…
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