Rep. Ritchie Torres from New York plans to introduce legislation aimed at preventing federal officials from engaging in prediction market trading when they have access to material nonpublic information. This move follows a significant incident where a trader made a $32,000 bet on the ousting of Venezuelan President Nicolás Maduro, resulting in a profit of over $400,000 after U.S. forces captured him. The proposed law would apply the principles of the STOCK Act, which governs insider trading, to prediction markets, which have seen substantial trading activity. The bill, titled the Public Integrity in Financial Prediction Markets Act of 2026, will specifically prohibit federal elected officials, political appointees, and executive branch employees from trading contracts linked to government actions or political outcomes if they possess or could obtain sensitive information in their official roles. Torres's office emphasized that while the legislation has been in development, the recent betting activity surrounding Maduro's capture highlighted the need for swift action. As of now, the bill lacks co-sponsors, but Torres aims to build support in the coming weeks. The timing of Torres's announcement coincided with President Trump's confirmation of Maduro's capture. A Polymarket account created just weeks prior made predictions solely related to U.S. intervention in Venezuela and turned a modest investment into a significant profit. Reports indicate that the market for Maduro's removal began to rise shortly before the announcement, suggesting potential insider knowledge among traders. Meanwhile, one trader claimed to have made $80,000 based on unusual activity around Domino's Pizza locations near the Pentagon, which they interpreted as a sign of military mobilization.