Prediction Markets Face Scrutiny Following Bets on the Fate of Iran’s Leader Ayatollah Khamenei

Prediction markets face heightened scrutiny over Iran-related bets

Bets placed on the ouster of Iran's Supreme Leader Ayatollah Ali Khamenei drew scrutiny of prediction markets such as Polymarket and Kalshi on Monday, sparking calls from Democratic U.S. lawmakers to outlaw wagers on military actions ‌that could enrich officials with inside knowledge.

Prediction markets face scrutiny following bets on the fate of Iran’s leader Ayatollah Khamenei

Prediction markets are facing renewed scrutiny from federal lawmakers after wagers about the fate of Iranian leader Ayatollah Ali Khamenei, who was killed in the Saturday bombardment of Iran.

Dem lawmakers blast prediction markets as alleged insiders reap $1.2M over Iran attacks: ‘Insane this is legal’

Dem lawmakers blasted prediction markets after suspected insiders made more than $1 million from contracts tied to the US-Israeli air strikes on Iran over the weekend – including an alleged $550,000 windfall related to the killing of Iranian Supreme Leader Ayatollah Ali Khamenei.

Prediction Markets Face Reckoning Over Iran Bets as Senators Push for Death-Contract Ban

Prediction market platforms Kalshi and Polymarket are facing scrutiny over their handling of contracts tied to the U.S.-Israeli strikes on Iran, with lawmakers calling for new restrictions on markets that resolve on individuals' deaths.Over $529 million was traded on Polymarket contracts related to the timing of the strikes, according to Bloomberg, while Kalshi's "Ali Khamenei Out as Supreme Leader?" market accumulated more than $50 million in v…