A mystery trader made $553,000 by betting on Iran’s supreme leader. Now Congress wants answers
A massive payout tied to Ayatollah Ali Khamenei’s death has renewed debate over whether wagering on geopolitical violence crosses a legal and ethical line.
Wagering on war and death is now a “thing,” thanks to prediction markets. So this explains how one trader pocketed more than $500,000 by placing bets on various scenarios related to the U.S. and Israeli strikes on Iran over the weekend.
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