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CNBC Technology·2 min read

Polymarket removes wagers on U.S. service member rescue mission in Iran

Polymarket halts betting on U.S. military rescue mission.

Polymarket has taken down a betting forum related to the rescue of U.S. military personnel after an F-15E fighter jet was shot down in Iran. The decision followed backlash from Rep. Seth Moulton, who labeled the market 'DISGUSTING' and highlighted the ethical concerns of betting on the lives of American service members. Polymarket acknowledged the oversight and is investigating its internal safeguards.

Key Takeaways

1.
Rep. Seth Moulton criticized the betting market as 'DISGUSTING' amid political pressure.
2.
Polymarket stated it does not profit from geopolitical markets and is reviewing its safeguards.
3.
A group of congressional Democrats is pushing for legislation to restrict prediction markets.

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Polymarket removes wagers on U.S. service member rescue mission in Iran | Trace