Federal Regulatory Agency
Appears in 1 story
Drafting new prediction market rules
Prediction markets have existed in legal limbo since 2003, when U.S. senators killed a Pentagon program that would have let people bet on terrorist attacks. Now the feared scenario has arrived: an Israeli reservist and civilian face prosecution for using classified military intelligence to profit $150,000 on Polymarket, placing bets on the June 2025 Israel-Iran war with suspicious accuracy. It is the first known prosecution anywhere for using military secrets to trade on a prediction market.
Updated Feb 13
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