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Sources: New York state lawmakers to propose bill restricting government officials from participating in prediction markets

Sources: New York state lawmakers to propose bill restricting government officials from participating in prediction markets

ForesightNewsForesightNews2026/01/04 08:58
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Foresight News reported that Jake Sherman, founder of Punchbowl News, tweeted that New York Democratic Congressman Ritchie Torres will introduce a bill called the "2026 Financial Prediction Market Public Integrity Act." According to sources, the bill will prohibit federal elected officials, political appointees, and executive branch employees from participating in certain transactions involving prediction market contracts if they possess or can reasonably obtain through their official duties significant non-public information related to trading. This restriction applies to the buying, selling, or exchanging of prediction market contracts tied to government policy, government actions, or political outcomes on interstate commercial platforms.

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