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Polymarket: The prediction markets related to the U.S. soldier rescue operation in Iran have been delisted.
Deep Tide TechFlow message. April 05, according to CNBC, the prediction market platform Polymarket has taken down a betting page related to a U.S. military rescue operation. Earlier, a U.S. F-15E fighter jet was shot down by Iran on Friday local time, one crew member has been rescued, and the other remains missing. The page allowed users to bet on which day the U.S. side would confirm that the two pilots had been rescued.
Massachusetts Congressman Seth Moulton posted on the X platform, calling the page “disgusting,” and saying, “They could be your neighbor, friend, or family member, and now someone is betting on whether they can be rescued.”
Polymarket then responded on X, saying it had immediately taken down the market and that it “does not meet the platform’s integrity standards,” while also investigating how the page managed to bypass internal review mechanisms. Polymarket also issued another statement saying the platform does not charge fees or profit from any geopolitical markets.
But Moulton said in an email to CNBC that Polymarket’s removal of the page was not because it violated standards, but rather “because we publicly called them out.” He also pointed out that the Commodity Futures Trading Commission (CFTC) has the authority to regulate prediction market platforms, but has not taken action so far. “That needs to change. Yesterday there were 219 active bets under Polymarket’s ‘war’ category, today that has risen to 223—this trend is spreading, and Congress must act.”
Moulton banned his office staff from using prediction market platforms such as Polymarket or Kalshi last month, according to his office, describing it as the first instance of Congress doing so.