Pelosi and Over 30 House Democrats Back 2026 Bill to Block Officials From Trading on Prediction Markets After $400K Maduro Bet

In January 2026, more than 30 House Democrats, including former Speaker Nancy Pelosi, lined up behind Rep. Ritchie Torres' Public Integrity in Financial Prediction Markets Act of 2026, which would bar federal officials and staff from trading certain prediction market contracts. The move follows a Polymarket position that reportedly grew from $32,000 to over $400,000 on a contract about Venezuelan President Nicolás Maduro's ouster, raising fears of trades based on nonpublic information and exposing perceived gaps in existing insider trading rules.