US lawmakers Murphy, Casar push legislation to regulate prediction markets
Senators Murphy and Casar introduced the BETS OFF Act to prohibit wagers on government actions, terrorism, war, and events where individuals control outcomes, preventing insider betting on geopolitical conflicts.
Polymarket Takes Down Betting on Nuclear Detonation After Backlash
Polymarket archived a nuclear detonation betting market after criticism that prediction markets on catastrophic events could influence government decision-making and monetize mass casualties.
Polymarket saw $529M traded on bets tied to bombing of Iran | TechCrunch
Prediction market users profited from betting on Iran military strikes, with suspicious trading patterns suggesting possible insider information access.
BETS OFF Act targets controversial political prediction markets
U.S. lawmakers introduced the BETS OFF Act to prohibit prediction markets from offering contracts on government decisions and events where insiders could profit from privileged information.
Polymarket Takes Down Betting on Nuclear Detonation After Backlash
Polymarket archived a nuclear detonation betting market after criticism that prediction markets on catastrophic events could influence government decision-making and monetize mass casualties.