Polymarket removed high‑stakes betting pools on U.S. rescue mission in Iran after bipartisan condemnation labeling the wagers “disgusting” and “dystopian.”
Rep. Seth Moulton criticized the platform for allowing bets on the exact day a rescue would be confirmed, prompting the market’s removal.
The CFTC faces renewed scrutiny over its authority over decentralized prediction markets as war‑related contracts surged to over 223 active this week.
Pressure mounts on Congress to enact a “Prediction Market Act” that could ban wagers on elections, government actions, and active warfare.