Prediction markets face scrutiny over wagers on U.S.-Israel war with Iran #CBC

Prediction markets face scrutiny over wagers on U.S.-Israel war with Iran
Some gamblers recently made big profits by placing bets on the ouster of Iran’s supreme leader Ali Khamenei on prediction markets such as Polymarket and Kalshi. Alex Goldenberg, a fellow at Rutgers University’s Miller Center, breaks down how these online platforms work and why they’re facing backlash for allowing wagers on geopolitical events, including fears of insider trading.

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