The Coalition for Prediction Markets has proven assist for Consultant Ritchie Torres’s effort to strengthen integrity within the sector.
It was in early January when the Congressman introduced he could be introducing a bill called the ‘Public Integrity in Financial Prediction Markets Act of 2026.
If handed, it will prohibit federal elected officers, political appointees, Government Department staff, and congressional workers from shopping for, promoting, or exchanging prediction market contracts tied to authorities coverage, authorities motion, or political outcomes when they’re aware of private info or may fairly acquire such info by means of their work.
This got here at a time when an nameless Polymarket user cashed out with over $400,000 on a commerce associated to the operation to depose Venezuelan President Nicolás Maduro which prompted some issues.
Coalition for Prediction Markets is aiming to maintain the market accessible to everybody
In a put up on X, the not too long ago fashioned coalition has shared Rep Ritchie Torres’ op-ed piece within the Washington Submit and expanded on their views.
We assist @RepRitchie Torres's effort to strengthen integrity and accountability in prediction markets, and we welcome the chance to work with Rep. Torres and others to strengthen clear, enforceable requirements that maintain these markets clear and trusted.
Our coalition's…
— Coalition for Prediction Markets (@PredictAction) January 15, 2026
“We assist @RepRitchie Torres’s effort to strengthen integrity and accountability in prediction markets, and we welcome the chance to work with Rep. Torres and others to strengthen clear, enforceable requirements that maintain these markets clear and trusted.”
They continued to clarify how their coalition’s members function U.S.-based platforms and vet each dealer who opens an account, in accordance with U.S. rules.
“Most of the safeguards being mentioned are already required below current regulation and regulation for U.S. regulated market members, and they’re actively enforced.
“In line with present regulation, offshore, unregistered platforms shouldn’t be capable of function within the U.S. or serve U.S. prospects with out the identical safeguards and registrations.”
Different individuals throughout the trade have proven assist for the invoice too, together with the CEO of prediction market Kalshi, Tarek Mansour, who took to LinkedIn to say they’re supportive of the invoice as a result of they already implement it.
Featured Picture: Through Coalition for Prediction Markets X page
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