Dems plan bill to curb prediction markets after ‘very specific’ Iran strike bets

Senator Chris Murphy says it’s likely people close to Donald Trump with “inside information” made bets on prediction markets on when the US would strike Iran.

US Democratic lawmakers are working on a bill to police prediction markets after raising insider trading concerns over bets made on the timing of Israeli and US strikes on Iran.

Democrat Senator Chris Murphy said in a video posted to X on Wednesday that what he claimed were White House insiders made a “very specific bet” on Friday that the US would go to war with Iran on Saturday.

“Obviously, there are people close to Donald Trump who, on Friday, knew what was happening on Saturday, and it is very likely — probable even — that the people that placed those bets were people with inside information,” he said.

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