US Lawmaker Ritchie Torres Proposes Bill to Curb Insider Trading in Prediction Markets
- Legislative Proposal: US Representative Ritchie Torres is preparing to introduce the Public Integrity in Financial Prediction Markets Act of 2026, aimed at prohibiting federal officials from trading prediction market contracts based on nonpublic information, thereby enhancing market transparency and fairness.
- Insider Trading Standards: The bill extends existing insider trading regulations to prediction markets, prohibiting the buying and selling of contracts tied to government policy or political outcomes when possessing nonpublic information, which is expected to significantly impact market participants' behavior.
- Event-Driven Trading: Prior to the bill's introduction, an account placed a $32,000 bet on Polymarket predicting Venezuelan President Maduro's ouster by January 31, 2026, and profited over $400,000 after his capture, raising widespread concerns about potential insider trading.
- Security Issues: Polymarket recently faced account security issues, with multiple users reporting drained funds, although the company stated that it has fixed a vulnerability caused by a third-party authentication provider, highlighting the need for stronger protections for user funds.
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Technical Analysis for X
Technical Sentiment Analysis for X Empire (X) As of , X Empire (X) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for X stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, X is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
X Empire (X) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000595 | 0.00000891 | 0.0000115 | 0.0000145 | 0.000017 | 0.00002 | 0.0000226 |
| Fibonacci | 0.00000891 | 0.000011 | 0.0000123 | 0.0000145 | 0.0000166 | 0.0000179 | 0.00002 |
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