[30 Democrats Support Anti-Insider Trading Bill to Restrict Prediction Market Gambling]
On January 10, 30 Democrats, including former House Speaker Nancy Pelosi, expressed their support for the '2026 Financial Prediction Market Public Integrity Act.' The bill, introduced last Friday by New York Representative Ritchie Torres, aims to prohibit elected officials from engaging in politically-related gambling on prediction markets. Previously, a Polymarket account bet on the resignation of former Venezuelan President Nicolás Maduro by the end of the month, profiting $400,000, which raised concerns about insider trading.