Thirty Democrats, including former House Speaker Nancy Pelosi, are backing a new bill aimed at prohibiting elected officials from participating in political betting on prediction markets. The "2026 Financial Prediction Market Public Integrity Act," introduced by New York Representative Ritchie Torres, seeks to address concerns over insider trading. This legislative move follows a controversial bet on Polymarket regarding the removal of Venezuela's former president, Nicolás Maduro, which resulted in a $400,000 profit for one account.