US EditionDemocrat rips Polymarket for taking bets on fate of US pilot shot down over Iran
Polymarket said the market failed its integrity standards after lawmakers blasted wagers on the fate of missing U.S. airmen during an active rescue operation.
- On Friday, Polymarket removed a betting market allowing users to gamble on when a downed American pilot would be rescued after facing public criticism over the market's ethical implications.
- Rep. Seth Moulton , a Marine combat veteran, flagged the market after a U.S. fighter jet was shot down over Iran on Friday, the first since the Israeli-U.S. war began five weeks ago.
- Moulton raised concerns that investor Donald Trump Jr. could access non-public intelligence affecting rescue odds, and accused Polymarket of allowing users to bet on 'the lives of our troops.'
- Polymarket stated the market 'does not meet our integrity standards' and is investigating how it bypassed internal safeguards, though Moulton remained unsatisfied, calling the company's standards 'severely lacking.'
- The incident reflects broader scrutiny from bipartisan lawmakers; Polymarket and competitors like Kalshi face accusations of skirting gambling laws, and last month users sent threatening messages to an Israeli journalist over a poll.
22 Articles
22 Articles
(Los Angeles=Yonhap News) Correspondent Kim Kyung-yoon = A bet on the fate of a missing U.S. fighter pilot took place on the future prediction betting website 'Polymarket'...
Controversial Prediction Market Closes Amid Outcry
Controversial Prediction Market Closes Amid Outcry Polymarket, a popular platform for prediction markets, has shut down a controversial betting market related to a missing US military servicemember. The closure follows harsh criticism from US Representative Seth Moulton and others, prompting the firm to enhance its compliance mechanisms.Meanwhile, in Tel Aviv, police dispersed an anti-war protest that exceeded crowd size limits imposed by wartim…
The Independent
The Independent (US)Polymarket pulls bet on fate of US pilot missing in Iran amid uproar
Polymarket said the bet was taken down ‘immediately’ and it was investigating
Seth Moulton Slams Polymarket for ‘DISGUSTING’ Wagering on Fate of Service Member Shot Down Over Iran
Rep. Seth Moulton (D-Mass.) condemned Polymarket for permitting users to wager on whether a missing U.S. service member would be recovered after shot down over Iran. "This is DISGUSTING," Moulton wrote on X. In Washington, the episode is feeding wider alarm about prediction markets, including staff betting bans and claims that these platforms can reward people who may be sitting on nonpublic information. There is an ongoing search and rescue op…
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