More Democrats are sounding the alarm on a grim sector of online gambling in which bettors are making bank on Trump’s war on Iran.

Six accounts created days before the U.S. bombed Iran placed coordinated bets on the exact strike date. Blockchain data shows they traded in lockstep

"It's insane this is legal. People around Trump are profiting off war and death." The post Anonymous Polymarket Accounts Won $1.2 Million on Trump’s Iran Strikes in Suspicious Bets appeared first on Futurism.

Prediction market company Polymarket has defended its decision to allow its users to bet on war in Iran, calling the insights “invaluable” to those in the Middle East. Several Polymarket accounts

In January 2022, the Commodity Futures Trading Commission (CFTC) fined Polymarket $1.4 million and required the platform to cease serving U.S. customers. Polyma

Prediction markets are hot right now, as noted above. Polymarket is most likely considering an IPO, and it is highly likely that Wall Street banks are talking to the company about it. It would make total sense for the privately held company to act while the fire is hot. If it waits too long, this window of opportunity could close.

Six accounts on Polymarket made around $1 million in profit by betting on the U.S. to strike Iran by Saturday, according to analytics firm Bubblemaps SA.

The Nasdaq wants to compete with Polymarket and Kalshi. The stock exchange has filed a proposed rule change with the U.S. Securities and Exchange Commission (SEC) to list and trade "Outcome-Related Options" (OROs).

It's smarter to invest in Nvidia than to bet on binary outcomes on Polymarket.