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Benjamin Carr, Ph.D. 👨🏻‍💻🧬
Benjamin Carr, Ph.D. 👨🏻‍💻🧬
@BenjaminHCCarr@hachyderm.io  ·  activity timestamp 4 days ago

Lucrative online trades on Maduro ouster spur new bill to ban #Polymarket #insidertrading
Rep. #RitchieTorres' (D-N.Y.) bill comes in response to huge profits some traders on Polymarket made betting on Maduro's ouster shortly before Venezuelan president was extradited to the U.S.
While such insider trading in capital markets is already illegal and often prosecuted by Justice Department and Securities & Exchange Commission, online prediction markets are far less regulated.
https://www.axios.com/2026/01/05/venezuela-polymarket-prediction-insider-trading

Axios

Lucrative online trades on Maduro ouster spur new bill to ban Polymarket insider trading

Rep. Ritchie Torres' bill would ban government officials from making prediction market trades based on insider information.
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