Crypto prediction markets are turning into dangerous national security risks, and Congress wants to ban them

Bubblemaps investigators led by Nicolas Vaiman, discovered 80 bets on Polymarket with a 98% win rate that he said is statistically impossible to achieve. What to know : Analysts at Bubblemaps say a cluster of 80 highly accurate bets on U.S. military actions against Iran on the Polymarket platform are so precise that “luck alone cannot explain” the results. Bubblemaps’ CEO warns that adversaries could mine prediction markets for clues to U.S. war plans, turning them into tools of intelligence and information warfare and potentially endangering lives. The revelations come as lawmakers push the DEATH BETS Act to ban war-related contracts and as Polymarket touts new Chainalysis-backed oversight, even as it denies tolerating insider trading and says it uses AI and blockchain forensics to flag suspicious activity.(Coindesk)