House Bill Aims to Prohibit Politicians from Using Prediction Markets

In a move to address potential conflicts of interest, Representative Ritchie Torres has put forward a new bill aimed at prohibiting government officials from engaging in prediction markets. The proposed legislation highlights significant concerns regarding the misuse of insider information, which could undermine the integrity of political processes.

The bill seeks to establish clear boundaries for politicians, ensuring that they do not exploit confidential information for personal gain in prediction markets. By introducing this measure, Torres aims to protect the public trust and uphold ethical standards within the government.