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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.

US Lawmaker Introduces Bill to Ban Politically-Related Prediction Bets
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This article1 analysis · Oct 11, 2026
tl;dr

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.

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Ritchie Torres D · NY-15

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Ritchie Torres
D · NY-15

Representative who introduced the prediction-market bill

PRIMARY SUBJECT
Donald Trump
R · President of the United States

President who announced the capture of Nicolás Maduro and was criticized in Torres’s remarks

Tim Scott
R · SC · SEN

Senate Banking Committee chair discussing an upcoming markup

ALSO MENTIONED  Nicolás Maduro, Venezuelan president whose removal was the subject of a prediction-market contract

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Ritchie Torres Introduces Bill Restricting Political Prediction-Market Bets
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