'Gruesome' war bets fuel calls for crackdown on prediction markets
Predictions markets have hosted millions of dollars of bets related to the war in Iran.
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Notable Quotes
"You have now opened up gambling basically on almost anything and it has turned into this very, very gruesome type of thing on the death of a head of state."
— Craig Holman , Activist
"We are putting a casino in the pocket of every single American, and they are targeting especially young people."
— Spencer Cox , Politician
Key People
Ali Khamenei was the Supreme Leader of Iran until his death.
Craig Holman is a government affairs lobbyist at the Public Citizen advocacy group.
Son of former President Donald Trump.
Spencer Cox is the Governor of Utah.
A professor at Georgia State University who has written extensively about prediction market regulation.
Tags
All Coverage
Predictions markets have hosted millions of dollars of bets related to the war in Iran.
The death of Iran's Supreme Leader Ayatollah Ali Khamenei has led to backlash against prediction markets Kalshi and Polymarket, which offered bets on his fate, raising ethical and legal concerns.
The Wall Street Journal reports on the controversy surrounding prediction markets that allowed bets on the fate of Iran's Supreme Leader, Ayatollah Ali Khamenei, leading to calls for legislative action to ban such markets.
Utah is enacting laws to ban prediction markets like Kalshi and Polymarket, which allow betting on events such as wars, leading to a legal battle over their regulation.
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