Polymarket apologizes after letting users bet on downed U.S. pilots in Iran: 'It should not have been posted' | Fortune
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Polymarket apologizes after letting users bet on downed U.S. pilots in Iran: 'It should not have been posted' | Fortune
"The market on the platform, which has since been deleted, allowed users to wager on what day the pilots would be rescued. President Donald Trump confirmed on social media on Sunday that the service member who went missing had been saved."
"Democratic Rep. Seth Moulton, a Marine Corps combat veteran, called betting on outcomes of the Iran war a 'dystopian death market.' He expressed outrage over people betting on the safety of missing service members."
"Polymarket responded, saying, 'We took this market down immediately as it does not meet our integrity standards. It should not have been posted, and we are investigating how this slipped through our internal safeguards.'"
Polymarket deleted a market allowing bets on the rescue of U.S. pilots after two military planes were shot down by Iran forces. One service member was rescued, while another remained missing. Lawmakers criticized the market, with Rep. Seth Moulton calling it a 'dystopian death market.' Polymarket stated the market did not meet integrity standards and is investigating how it was posted. The platform allows wagers on various topics but prohibits trades based on illegal tips or nonpublic information.
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