The U.S. Democratic Party plans to introduce legislation to restrict prediction markets, raising concerns over insider trading related to the Iran war.

MarsBitNews · 2026-03-06T04:17:10+00:00

U.S. Democratic Senator Chris Murphy warns that someone is betting on "America going to war with Iran," possibly having insider information that threatens national security. He and Representative Mike Levin plan to draft legislation to strengthen regulation of prediction markets to prevent profiting from military actions.

MarsBitNews

2026-03-06 04:17:10

Abstract generation in progress

Mars Finance News: According to market reports, U.S. Democratic Senator Chris Murphy posted a video on X platform stating that last Friday, someone placed a “very specific bet” that “the U.S. will go to war with Iran on Saturday.” He pointed out that it is clear that individuals close to Trump knew about Saturday’s actions in advance, and these bettors likely had insider information. Murphy warned that if such war betting continues, people around the President could profit from it and “push us into war.” Last Saturday, multiple related bets were widely circulated on Polymarket. Reuters reported that Murphy and Democratic Congressman Mike Levin are working on drafting legislation to strengthen regulation of prediction markets like Polymarket and Kalshi. Levin stated that profiting from foreknowledge of military actions “should be illegal.” He noted that the Commodity Exchange Act prohibits contracts involving events that conflict with public interest, such as war and terrorism, but current regulations give prediction markets too much freedom.

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