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Prediction markets draw scrutiny over Iran bets: "Insider trading in broad daylight," senator says
Lawmakers are raising concerns that prediction market users are engaging in insider trading to wager on U.S. military actions.
Oil and gold pulled back after surging on the breakout of hostilities in Iran, while equities and crypto stocks face pressure.
Bets that were placed on the ouster of Iran's Supreme Leader Ayatollah Ali Khamenei drew scrutiny on Monday of prediction ​markets such as Polymarket and Kalshi, sparking calls from Democratic U.S.
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