Culture
Prediction Markets Profit From War as Gambling Expands
Kalshi and Polymarket are allowing users to bet millions on geopolitical events including the Iran conflict, raising ethical questions about profiting from war and death.
Key Takeaways
- Over $54 million was wagered on Kalshi about Iran's Supreme Leader being removed from power
- Prediction market companies claim rules prevent direct profit from death events
- Regulatory frameworks have not kept pace with gambling expansion into geopolitical events
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