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Ritchie Torres has introduced a bill to ban government officials from using insider information to trade on political prediction markets like Polymarket. The bill was prompted by reports that traders on Polymarket made large profits betting on Nicolas Maduro’s removal, raising suspicions that some wagers were placed using material non-public information. “While such insider trading in capital markets is already illegal and often prosecuted by the Justice Department and…
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Ritchie Torres has introduced a bill to ban government officials from using insider information to trade on political prediction markets like Polymarket. The bill was prompted by reports that traders on Polymarket made large profits betting on Nicolas Maduro’s removal, raising suspicions that some wagers were placed using material non-public information. “While such insider trading in capital markets is already illegal and often prosecuted by the Justice Department and…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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