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Senator Proposes Ban on Betting Amid Iran Conflict

3/25/2026

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Story summary
  • As bombs fell on Iran, some Americans profited by betting on prediction markets such as Polymarket and Kalshi, allegedly using insider information.
  • Bets included the assassination of Iran’s ayatollah.
  • Sen. Chris Murphy introduced the BETS OFF Act to prohibit betting on government actions.
  • The discussion features Murphy and addresses the moral implications of prediction markets, the Pentagon's $200 billion funding request, and whether U.S. President Donald Trump signals problems.