Polymarket pulls controversial Iran rescue markets after intense backlash

Prediction markets face rising regulatory pressure, with congressional Democrats proposing legislation to ban contracts tied to elections, war and government actions. What to know : Polymarket removed a betting market on the rescue of U.S. service members in Iran after lawmakers criticized it for reducing a military operation to a financial trade. Prediction markets face rising regulatory pressure, with congressional Democrats proposing legislation to ban contracts tied to elections, war and government actions. The industry continues to expand with new players entering, though regulators are asserting greater oversight through lawsuits and licensing restrictions.(Coindesk)