From Iran to Paris weather: Alleged prediction market violations start stacking up

Prediction markets like Polymarket and Kalshi face growing scrutiny over alleged insider trading linked to U.S. military actions in Venezuela and Iran, as well as midterm election campaigns. State and federal lawmakers are pushing for regulation, with California banning officials from using insider information for such bets. High-profile cases include a U.S. Army soldier accused of profiting from Maduro's capture and bets placed moments before an Iran ceasefire announcement.