Polymarket Removes Controversial Bet on Missing US Pilot After Lawmaker Backlash
Prediction market platform Polymarket abruptly shuttered a betting pool tied to the rescue operation of a downed US airman near Iran, following public condemnation from Rep. Seth Moulton (D-MA) who labeled the market "DISGUSTING." The platform cited unspecified integrity violations but provided no detailed justification.
The market had allowed users to wager on the timing of official confirmation for the airman's rescue—a move that drew parallels to recent concerns about insider trading in prediction markets. Traders reportedly profited $1 million from bets on US military strikes against Iran earlier this year, prompting 42 Democratic lawmakers to urge the CFTC to curb potential exploitation of non-public information.
Search efforts continue for the missing service member after an F-15E was shot down Friday. One crew member has been recovered.
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