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Ritchie Torres

Ritchie Torres

U.S. Representative (D-NY)

Appears in 1 story

Notable Quotes

"The intersection of insider trading and government decision making is not only corrupting to the market, it's corrupting the government itself." — Rep. Ritchie Torres, January 2026

Stories

Prediction markets collide with national security

Rule Changes

Championing prediction market regulation

Prediction markets have existed in legal limbo since 2003, when U.S. senators killed a Pentagon program that would have let people bet on terrorist attacks. Now the feared scenario has arrived: an Israeli reservist and civilian face prosecution for using classified military intelligence to profit $150,000 on Polymarket, placing bets on the June 2025 Israel-Iran war with suspicious accuracy. It is the first known prosecution anywhere for using military secrets to trade on a prediction market.

Updated Feb 13