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April 20, 2026

Wanna bet? Washington steps up scrutiny of prediction markets

  • In a highly polarized Congress, the need to guard against the prediction markets being used for insider trading has become rare common ground.
    • By STEVEN SLOAN and KEN SWEET
    Associated Press

    WASHINGTON — As the United States was preparing a daring mission to rescue an airman whose fighter jet was shot down by Iran, there was money to be made.

    Users on Polymarket, the world's largest prediction market, could place bets on when the airman would be rescued. When Rep. Seth Moulton, D-Mass., shared a screenshot of the activity on social media, an April 3 rescue was trading at 15% compared with 63% who were betting on April 4.


     
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