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US Probes Prediction Markets Over Iran Trades

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US lawmakers have launched an investigation into prediction market platforms Kalshi and Polymarket following reports of suspicious trades related to US military actions against Iran. Representative James Comer has requested detailed information on how these platforms respond to potential insider trading, raising concerns about market integrity. The probe highlights the growing scrutiny of prediction markets as they intersect with geopolitical events. While the immediate impact on crypto markets is limited, this development underscores regulatory risks for platforms operating in the US. Traders should monitor for potential policy changes that could affect market access and liquidity.

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