Overview
- Polymarket, which briefly listed bets Friday on when the rescue of a downed U.S. pilot would be confirmed, took the market down after Rep. Seth Moulton called it “DISGUSTING.”
- The company apologized, said the listing failed its integrity standards, and opened an internal review into how it cleared safeguards.
- Moulton said the response fell short and urged Polymarket to remove hundreds of other active war-related markets while the rescue effort continues.
- U.S. officials say an F-15E was shot down over Iran, with one crew member rescued and another still missing as search-and-rescue operations proceed.
- The episode adds fuel to broader efforts to police prediction markets, with lawmakers pushing bans on wagers tied to war or government actions and with new insider-trading worries after on-chain analysts reported roughly $1 million in well-timed Iran bets.