US bill wey wan ban insider trading for prediction markets after Venezuela strike

Rep. Ritchie Torres dey plan to introduce di "Public Integrity In Financial Prediction Markets Act of 2026" after blockchain analysis and reports show say e be like insider trading happen for Polymarket wey join one US operation for Venezuela. On-chain investigators (Lookonchain) mark three new wallets wey place bets say dem go capture President Nicolás Maduro hours before reports of di strike; dem accounts reportedly make combined profit of about $630,848, and di biggest one make about $409,900 from $34,000 stake. Polymarket also report separate user-account security incidents linked to one third-party authentication vulnerability wey dem talk say dem don fix. Di proposed law go ban federal elected officials, political appointees and executive-branch employees from trading prediction-market contracts when dem get or fit reasonably access material nonpublic information about government policy, actions or political outcomes. Di bill target prediction markets wey operate across states and want make political betting platforms follow the same insider-trading standards wey dey traditional finance. Market context: institutional interest for prediction markets don grow (for example Kalshi big fundraising and valuation), but crypto markets show only small immediate reaction to the Venezuela operation — Bitcoin move about 2% in the cited reports. Key takeaways for traders: regulatory risk go increase for prediction-market operators and users, on-chain scrutiny of strange bets and wallet activity go increase, possible compliance and trading restrictions for insiders, and major geopolitical events fit no cause sustained crypto price moves even if dem attract attention.