US Lawmaker Introduces Bill to Ban Politically-Related Prediction Bets
Torres introduced legislation restricting federal officials’ and congressional staff members’ trading in politically related prediction markets.

SOURCE CHECK
TAP FOR WHYCointelegraph is an established specialist publication covering cryptocurrency and digital assets, with a named author and an editorial-policy statement. Its trade-press focus is useful for the subject, though its institutional standing is below that of major general-news organizations.
- Source type — Trade-press outlet with relevant subject-matter focus on digital assets.
- Editorial standards — The page states that the article follows an editorial policy.
- Author attribution — A named author is credited.
- Transparency — The story identifies its reporting and notes that Polymarket had not responded.
The article gives the bill's basic scope and attributes its rationale to Torres, while also reporting that Polymarket did not respond. It provides little independent scrutiny of the proposal or response from other affected parties, and the related Senate legislation is covered briefly.
HOW WE SCORE ↗The article explains Torres’s proposal and its rationale but offers no substantive opposing view or outside assessment of the bill. The note that Polymarket had not responded provides limited balance.
- Counterarguments presented — No opposing view on the proposed restrictions is included.
- Source diversity — The bill's rationale largely comes from Torres; the Senate markup is briefly attributed to Scott.
- Opinion vs reporting — The article is reported as news and attributes its evaluative claims.
The article uses a straightforward news style and attributes the critical claims about political prediction-market trading to Torres. It does not adopt those claims as the reporter’s own verdict.
- Language tone — The narration is mostly descriptive, with no sustained partisan or evaluative language.
- Source selection — Torres supplies the bill's rationale; the article notes that Polymarket did not respond.
- Framing — The article presents the bill and its context without an overt ideological argument.
Rep. Ritchie Torres introduced a bill to bar federal officials and congressional staff from trading prediction-market contracts when they possess or could access material nonpublic information through their work. The proposal follows a lucrative bet on Venezuelan President Nicolás Maduro’s removal.
Torres said he introduced the Public Integrity in Financial Prediction Markets Act of 2026 to restrict federal officials and congressional staff from trading contracts tied to government actions or political outcomes when they have, or could reasonably obtain, material nonpublic information through their duties. He said the risk is insider trading and conflicts of interest. The proposal followed a Polymarket bet that netted its user more than $400,000 after Maduro was captured by U.S. forces; President Donald Trump announced the capture. Polymarket had not responded to a request for comment by publication.
The article also reported that Senate lawmakers were expected to hold a markup on digital-asset market-structure legislation. Sen. Tim Scott said the Senate Banking Committee would hold the markup on Thursday, potentially advancing the legislation to a floor vote.
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SWIPE →President who announced the capture of Nicolás Maduro and was criticized in Torres’s remarks
Senate Banking Committee chair discussing an upcoming markup
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