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▲ Good look for TorresEthics / Corruption

Legislation introduced after anonymous Venezuela strike bet

Torres introduced a bill aimed at barring officials from betting on matters involving nonpublic information.

Legislation introduced after anonymous Venezuela strike bet
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This article1 analysis · Oct 11, 2026

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tl;dr

Rep. Ritchie Torres introduced legislation to bar federal officials and employees from betting on prediction platforms using nonpublic information. The proposal followed a $32,000 bet on Nicolás Maduro’s removal that reportedly earned the anonymous user more than $400,000.

Community verdict

22 VOTES
How does this story look for
Ritchie Torres D · NY-15

Counts every outlet’s report of this story. See all 2

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Votes cast on this page

Votes cast on this page: ▲ 13 · ◆ 6 · ▼ 3

People in this story

SWIPE →
Ritchie Torres
D · NY-15

Introduced legislation regulating federal officials’ use of prediction platforms

PRIMARY SUBJECT
Josh Riley
D · NY-19

Signed onto Torres’s legislation and argued against insider betting by public officials

George Latimer
D · NY-16

Signed onto Torres’s legislation

Signed onto Torres’s legislation

ALSO MENTIONED  Nicolás Maduro, Venezuelan president captured in a U.S. military raid

Part of a bigger story

2 OUTLETS
Ritchie Torres Introduces Bill Restricting Political Prediction-Market Bets
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2
OUTLETS
2
AVG CRED
64

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