Sources: New York lawmakers will introduce a bill to restrict government officials' involvement in prediction markets.

According to Foresight News , Punchbowl News founder Jake Sherman tweeted that New York Democratic Representative Ritchie Torres will introduce a bill called the "Public Integrity Act for Financial Prediction Markets of 2026." Sources indicate that the bill would prohibit federally elected officials, politically appointed officials, and executive branch employees from participating in certain transactions involving prediction market contracts if they possess material non-public information related to the transaction or can reasonably obtain such information in their official capacity. This restriction applies to the buying, selling, or exchanging of prediction market contracts linked to government policy, government actions, or political outcomes on interstate commercial platforms.