Urgent Bill Targets Prediction Markets After $1M Iran Strike Betting Scandal
WASHINGTON, D.C., May 22, 2026 — U.S. Democratic lawmakers are drafting urgent legislation to regulate cryptocurrency-based prediction markets, responding directly to what they call probable insider trading on platforms like Polymarket. The move follows the viral circulation of bets that netted approximately $1 million for accounts wagering on the precise timing of U.S. military strikes […]
