Bobby Allen

Polymarket has had many markets on wars and military actions.

It operates an overseas exchange based in Panama.

A spokesman for New York's U.S.

Attorney's Office said prediction markets are not outside the scope of anti-money laundering and insider trading laws.

Billions of dollars are bet every week on polymarket in Kaoshi.

Bobby Allen, NPR News.

Services like Kalshi and Polymarket allow bets on future policies, military strikes, and election outcomes.

And some lawmakers are growing increasingly worried that the betting apps can be exploited by people who have access to government and military secrets.

Newsom's order prevents appointees of the governor from using non-public information to personally profit on prediction markets.

In recent months, well-timed bets on things like the ouster of Iran's supreme leader and the arrest of Venezuelan leader Nicolas Maduro led to hundreds of thousands of dollars in profits.

Both Cauchy and Polymarket say they already ban insider trading, relying on their own surveillance tools to catch suspicious bettors.

Bobby Allen, NPR News.

Services like Kalshi and Polymarket allow bets on future policies, military strikes, and election outcomes.

And some lawmakers are growing increasingly worried that the betting apps can be exploited by people who have access to government and military secrets.

Newsom's order prevents appointees of the governor from using non-public information to personally profit on prediction markets.

In recent months, well-timed bets on things like the ouster of Iran's supreme leader and the arrest of Venezuelan leader Nicolas Maduro led to hundreds of thousands of dollars in profits.

Both Cauchy and Polymarket say they already ban insider trading, relying on their own surveillance tools to catch suspicious bettors.

Bobby Allen, NPR News.

Back in 2023, Musk said from the stage of a public event, if someone is going to blacklist me with advertising, then, well, they can hit the road.

Except he used more graphic language.