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Democrats Move to Ban Military-Linked Prediction Markets After $679M Iran War Bets

Democrats Move to Ban Military-Linked Prediction Markets After $679M Iran War Bets

Author:

Global Cryptocurrency

Published:

2026-03-06 21:11:02

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BTCCSquare news:

Washington lawmakers are accelerating efforts to regulate prediction markets following a surge in military-related wagering. Over $679 million flowed into contracts tied to US-Israel joint action against Iran, triggering bipartisan alarm about national security implications and insider trading risks.

Two legislative approaches are emerging: Representative Mike Levin and Senator Chris Murphy target war-related contracts specifically, while Senators Jeff Merkley and Amy Klobuchar propose blanket restrictions on government officials trading event derivatives. The Commodity Futures Trading Commission appears poised to pursue a more nuanced regulatory framework rather than outright prohibition.

By:

Global Markets React to Escalating US-Iran Tensions

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