Capitol scrutiny rises as Iran-war bets target prediction markets

TL;DR
U.S. lawmakers and regulators are increasing oversight of prediction markets after bets tied to potential Iran-related conflict, signaling tighter rules for these speculative platforms.
- Wanna bet? Washington steps up scrutiny of prediction markets AP News
- Kalshi CEO expects US DOJ to prosecute insider trading cases Semafor
- Prediction markets are a gamble we can't afford | Editorial The Seattle Times
- Are prediction markets illicit gambling? Washington state says yes KUOW
- Prediction Market Making Is Hard Bloomberg.com
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