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Rep. Torres Proposes Insider Trading Ban on Prediction Markets
Published 1 week, 1 day ago
Description
Representative Ritchie Torres introduces the Public Integrity in Financial Prediction Markets Act to prevent insider trading on online prediction markets, following a controversial win on Polymarket. The bill aims to bar federal officials from using secret government info for betting, but faces challenges due to Congresss struggle with new tech regulations. Meanwhile, platforms like Kalshi, already regulated, support efforts to maintain transparency in prediction markets.
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