Prediction market platform Polymarket issued an apology Friday after allowing users to place bets on the fate of American pilots aboard a U.S. fighter jet downed over Iran. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. A two-seater F-15E Strike Eagle was shot down over Iran on Friday, … Read more
It’s well known that online sports betting can be a risky endeavor. But a new study from the Federal Reserve Bank of New York shows the practice may also be linked to higher delinquency rates, delivering another potential blow to Americans’ financial health. Online sports betting, now legal in more than 30 U.S. states, allows … Read more
Democrats call for prediction market reforms after Iran war wagers – CBS News Watch CBS News Popular prediction markets are facing new ethical questions over possible insider trading due to wagers concerning the war in Iran. Democratic Rep. Mike Levin joins “The Takeout” to explain how lawmakers are planning to curb the wagers. Source link