"An anonymous individual made a profit of $400,000 on Polymarket, a prediction market platform where users bet on events of global significance, after betting on the ouster of Venezuelan President Nicolas Maduro. Shortly before the U.S. intervention in Venezuela, the trader bet $32,000 that Maduro would be overthrown before January 31. Although the site allows anonymous betting, Polymarket users noticed that the winner's account was created recently, raising suspicions that it could be a government employee with prior knowledge of the attack."
"In response, Democratic Congressman Ritchie Torres confirmed to Business Insider that he will introduce a bill this week to prohibit government officials from participating in prediction markets when they have access to non-public information. The Public Integrity in Financial Prediction Markets Act of 2026 seeks to equate prediction markets with stock markets by incorporating a ban on insider trading. According to experts, prediction markets are emerging as an increasingly influential tool for anticipating political and economic events."
An anonymous user made $400,000 on Polymarket after placing a $32,000 bet that Venezuelan President Nicolas Maduro would be overthrown before January 31. The winner’s account was newly created, and the same account placed other bets on U.S. and Venezuelan foreign policy, prompting suspicions of insider knowledge. Democratic Congressman Ritchie Torres announced plans to introduce the Public Integrity in Financial Prediction Markets Act of 2026 to bar government officials from participating in prediction markets when holding non-public information. The bill would treat prediction markets like stock markets by banning insider trading. Prediction markets have grown substantially, generating billions and attracting high-profile investors.
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