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Techub News reports that, according to Business Insider, New York State Democratic Congressman Ritchie Torres plans to introduce the "2026 Financial Prediction Market Public Integrity Act" this week. The bill aims to prohibit federal elected officials, political appointees, and administrative employees from trading in prediction markets when they possess non-public information related to trading, or when they might obtain such information due to their official duties. This move stems from a controversial case where an individual profited hundreds of thousands of dollars by making precise bets on the political prospects of the President of Venezuela.