PANews March 2 News, according to Jin10 reports, last weekend, due to the closure of traditional financial markets worldwide, a large amount of capital flowed into prediction markets such as Polymarket and Kalshi, as well as decentralized exchanges like Hyperliquid. Investors attempted to hedge risks or speculate on the subsequent impacts of the US and Israel’s attacks on Iran through these platforms. However, this capital frenzy quickly turned into a storm of public opinion. On Saturday, a large number of doubts and accusations emerged on social platform X, alleging that some insiders exploited their advance knowledge of military strikes to profit heavily in prediction markets.
In response to the criticism, a White House spokesperson defended to the media, saying, “The only special interest guiding the decision-making of the Trump administration is the greatest interest of the American people.” In fact, efforts to crack down on insider betting using international conflicts have already begun in some regions worldwide. Facing these accusations, Kalshi CEO Tarek Mansour defended that all fees generated from user participation in the controversial markets would be refunded, and positions established before Qasem Soleimani’s death would be forcibly settled at the final trading price. However, this “forced liquidation” decision did not quell the controversy; instead, many users complained on social platforms that they had been played by the platform.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Sports betting contracts are derivatives! The U.S. CFTC blocks local law enforcement and seeks regulatory control over prediction markets
The U.S. federal government is working together with the CFTC and the Department of Justice to try to shift regulatory authority for Kalshi prediction markets from local governments to the federal level, arguing that sports event contracts are financial derivatives. If the court supports this position, it will change the legal status of prediction markets and provide uniform national regulation, reducing the influence of state-level gambling laws.
CryptoCity2h ago
Ruling sports betting contracts are derivatives! The U.S. CFTC blocks local enforcement efforts and pushes to take regulatory control of prediction markets
The U.S. federal government is working together with the CFTC and the Department of Justice to try to shift regulatory authority over Kalshi’s prediction markets from state and local governments to the federal level, arguing that sports-event contracts are financial derivatives. If the court supports this position, it will change the legal status of prediction markets and standardize regulation nationwide, reducing the influence of local gambling laws.
CryptoCity5h ago
Sports betting event contracts are derivatives! The U.S. CFTC blocks local law enforcement and seeks regulatory authority over prediction markets
The U.S. federal government is working with the CFTC and the Department of Justice to try to shift regulatory authority over Kalshi prediction markets from state and local governments to the federal level, arguing that contracts for sports events are financial derivatives. If the court backs this position, it will change the legal status of prediction markets and unify nationwide regulation, reducing the influence of state and local gambling laws.
CryptoCity8h ago
Polymarket link briefly appeared in Google News before being removed; Google said it was an error caused by a mistaken push
On April 12, the prediction market Polymarket briefly appeared in Google News search results, but was then removed. Google said this was an error and said it will no longer display it. The platform has been proactively integrated with media and has already partnered with Google and the X platform.
GateNews10h ago
Robinhood, concerned about insider trading restrictions, limits some prediction market contracts
Robinhood takes a cautious approach in its prediction market business, excluding “market mentions” contracts that could easily trigger manipulation risks, and emphasizing that it only offers regulated event contracts to protect customer interests. Recent insider trading incidents have intensified industry concerns, and to mitigate risk, Robinhood partners with regulated platforms to ensure user identity verification.
GateNews11h ago
Sports-betting contracts are derivatives! The U.S. CFTC blocks local law enforcement and seeks regulatory authority over prediction markets
The U.S. federal government is working with the CFTC and the Department of Justice to try to shift regulatory authority over Kalshi’s prediction markets from local governments to the federal government, arguing that sports event contracts are financial derivatives. If the court backs this position, it will change the legal status of prediction markets and create uniform nationwide oversight, reducing the impact of state-level wagering laws.
CryptoCity11h ago
