Lawmakers Push to Regulate War-Based Prediction Markets Amid Iran Crisis
Lawmakers are scrutinizing war-related prediction markets after bets on Iran escalate, with Sen. Chris Murphy promising legislation to ban or curb such markets; a Mick Mulvaney‑led group seeks tighter guardrails on prediction markets, while Kalshi says it bans death-related markets and refunded affected users, highlighting ongoing concerns about ethics and possible insider trading in federally regulated markets.