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Crypto Wallets Profited from Military Bets, Raising Insider Trading Concerns
Description
Bubblemaps uncovers suspicious crypto bets on US military actions, with a staggering 98% win rate. Nine wallets raked in $2.4 million, potentially indicating insider trading on decentralized prediction markets like Polymarket and Kalshi. Lawmakers respond with the DEATH BETS Act, aiming to ban bets on war, assassinations, and deaths. California governor signs executive order to prevent public servants from insider trading on influenced events, highlighting growing regulatory interest in prediction markets.
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