$679M bet on Iran war sparks Washington crackdown on crypto prediction markets

Washington lawmakers are moving on multiple fronts to curb the most politically toxic corners of prediction markets after millions of dollars flowed into bets tied to US-linked military action in Iran. Over the past week, several Democratic lawmakers have been pursuing multiple paths to rein in the fast-rising business. One effort, led by Rep. Mike […] The post $679M bet on Iran war sparks Washington crackdown on crypto prediction markets appeared first on CryptoSlate.