Prediction markets draw scrutiny over Iran bets: "Insider trading in broad daylight," senator says

IRAN-ISRAEL

Wagers on popular prediction markets tied to the fate of Iranian Supreme Leader Ayatollah Ali Khamenei and the timing of U.S. military strikes in the country are drawing scrutiny over possible insider trading and the ethics of betting on death. Users of Kalshi and Polymarket have flocked to the platforms in recent weeks to wager millions on potential actions involving Iran. For instance, one Polymarket contract from January drew $4 million in bets on whether the U.S. or Israel would strike Iran