PANews March 2 News, according to Jin10 reports, last weekend, due to the closure of traditional financial markets worldwide, a large amount of capital flowed into prediction markets such as Polymarket and Kalshi, as well as decentralized exchanges like Hyperliquid. Investors attempted to hedge risks or speculate on the subsequent impacts of the US and Israel’s attacks on Iran through these platforms. However, this capital frenzy quickly turned into a storm of public opinion. On Saturday, a large number of doubts and accusations emerged on social platform X, alleging that some insiders exploited their advance knowledge of military strikes to profit heavily in prediction markets.
In response to the criticism, a White House spokesperson defended to the media, saying, “The only special interest guiding the decision-making of the Trump administration is the greatest interest of the American people.” In fact, efforts to crack down on insider betting using international conflicts have already begun in some regions worldwide. Facing these accusations, Kalshi CEO Tarek Mansour defended that all fees generated from user participation in the controversial markets would be refunded, and positions established before Qasem Soleimani’s death would be forcibly settled at the final trading price. However, this “forced liquidation” decision did not quell the controversy; instead, many users complained on social platforms that they had been played by the platform.
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