2026-01-04 05:23:32

The U.S. House of Representatives has taken new action. Representative Ritchie Torres plans to introduce the "Public Integrity Act for Financial Prediction Markets" in 2026, which primarily aims to restrict federal officials—prohibiting them from participating in political prediction market transactions when they possess significant non-public information.

This reflects the increasing attention to political prediction markets in the United States. As the crypto market develops, prediction market platforms have also become a hot track, attracting a large number of participants from Polymarket to other DEX-like prediction tools. However, regulatory issues have also surfaced—information asymmetry, conflicts of interest, insider trading risks, and more all require clear legal frameworks for regulation.

The significance of this proposal lies in its attempt to find a balance between protecting market fairness and participant rights. For the entire prediction market ecosystem, a clear regulatory framework may increase compliance costs, but it can also enhance the legitimacy and long-term sustainability of the market.

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GetRichLeek

· 01-04 05:51

Haha isn't this just officially approved insider trading? Prohibiting federal officials from participating? What about retail investors? Are we going to keep getting cut? Polymarket should have been regulated long ago, or else it's just a casino's ATM machine. Launching in 2026... Is it still possible to get in now and buy the dip? I think this is a positive signal. Another regulatory framework, which will increase costs, and in the end, it's just the retail investors paying the price. Oh man, I remember the last time I lost heavily on Polymarket... On-chain data shows that the chips are all in the hands of big players, and we retail investors have no sense of participation. But on the other hand, having a legal framework can indeed help this track survive longer, much better than a quick shutdown. If this proposal really passes, won't the concept stocks of prediction markets take off?

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AirdropHunterWang

· 01-04 05:44

Wait, are we going to regulate prediction markets again? How come this guy is still waiting until 2026 to take action? Polymarket has already been growing wildly for so long. Insider trading should be regulated, but how many officials will actually honestly comply? How do we supervise? Compliance costs... honestly, in the end, it's just about exploiting users' funds, and small investors are the unluckiest.

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LiquidationTherapist

· 01-04 05:43

Damn, even officials want to cut leeks in the prediction market? We need to impose more restrictions on them. Prohibiting insider trading by officials should have been regulated long ago; otherwise, it's just a game of power arbitrage. Platforms like Polymarket have become popular, but regulation can't keep up. Now they want to plug the loopholes—it's a bit late. Rising compliance costs are inevitable, but only then can the market survive long-term; otherwise, a crash is just a matter of time. Pushed back to 2026? Feels like another paper plan; real legislation will take another two years. If this can be implemented, trust in prediction markets will skyrocket, benefiting long-term players. Basically, it's a redefinition of the rules of power and money games. Decentralization can't escape regulation either. The ban on insider trading is well-placed, but I'm worried about weak enforcement.

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WalletWhisperer