【Block Rhythm】Recently, the US Congress has sparked heated discussions about prediction market regulation. According to reports, thirty Democrats, including former House Speaker Pelosi, have jointly initiated legislation targeting a thorny issue: prohibiting elected officials from making politics-related bets on prediction markets.
This move is not without cause. A recent incident sparked this discussion — a user on a certain prediction platform bet that former Venezuelan President Maduro would step down by month’s end, and profited $400,000. This transaction immediately raised concerns about insider trading. Well, getting a key geopolitical event right, how could that not raise suspicion?
The proposal is called the “2026 Financial Prediction Markets Public Integrity Act,” formally submitted Friday by New York Democratic Representative Torres. Torres’s logic is clear: imagine if government officials used inside information advantages to bet on political events on prediction markets. When policymakers are simultaneously market participants, the temptation becomes enormous — the possibility of exploiting power for private gain is nearly impossible to control.
His stance is unambiguous: “Government insiders must be completely prohibited from profiting through prediction markets.” Behind this reflects deep concerns about market fairness and information asymmetry. Prediction markets were meant to embody collective wisdom, but once power intervenes, the entire logic collapses.
民主党は予測市場規制を推進：民選官員の政治関連賭博を禁止
【Block Rhythm】Recently, the US Congress has sparked heated discussions about prediction market regulation. According to reports, thirty Democrats, including former House Speaker Pelosi, have jointly initiated legislation targeting a thorny issue: prohibiting elected officials from making politics-related bets on prediction markets.
This move is not without cause. A recent incident sparked this discussion — a user on a certain prediction platform bet that former Venezuelan President Maduro would step down by month’s end, and profited $400,000. This transaction immediately raised concerns about insider trading. Well, getting a key geopolitical event right, how could that not raise suspicion?
The proposal is called the “2026 Financial Prediction Markets Public Integrity Act,” formally submitted Friday by New York Democratic Representative Torres. Torres’s logic is clear: imagine if government officials used inside information advantages to bet on political events on prediction markets. When policymakers are simultaneously market participants, the temptation becomes enormous — the possibility of exploiting power for private gain is nearly impossible to control.
His stance is unambiguous: “Government insiders must be completely prohibited from profiting through prediction markets.” Behind this reflects deep concerns about market fairness and information asymmetry. Prediction markets were meant to embody collective wisdom, but once power intervenes, the entire logic collapses.