Popular prediction markets are facing new ethical questions over possible insider trading due to wagers concerning the war in Iran. Democratic Rep. Mike Levin joins "The Takeout" to explain how lawmakers are planning to curb the wagers.
Breakdown
- Prediction markets face scrutiny over insider trading tied to Iran war bets
- Six suspected insiders reportedly made $1.2 million on military strike wagers 7s
- Rep. Mike Levin calls for a ban on betting markets related to war and death 25s
- Levin criticizes CFTC for not regulating or investigating prediction markets 47s
- Lawmakers discuss bipartisan legislative solutions to curb such wagers 1m 18s