Breaking: Dems Unveil Bill to Curb Prediction Markets After $500M Iran Bet Surge
WASHINGTON, D.C., May 16, 2026 — U.S. Democratic lawmakers are drafting urgent legislation to impose federal oversight on cryptocurrency-based prediction markets, responding to what they call “probable” insider trading involving bets on military strikes against Iran. The move follows the viral circulation of specific wagers on platforms like Polymarket that netted traders approximately $1 million […]
