The Iran war is bringing a new wave of pressure onto prediction markets

Government

Prediction markets like Kalshi and Polymarket were already dealing with growing skepticism in DC after the Venezuela raid. Then came the war in Iran. Over the past week, lawmakers on Capitol Hill have seized on activity on prediction market platforms to make the case that prediction markets need to be reined in, including via new legislation. "Nobody should be making bets on if the United States is going to war, or what words President Trump is going to use in his speech," Democratic Sen. Chris

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