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Originally published by Capital Business
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business
March 15, 2026
14h ago

‘Gruesome’ war bets fuel calls for crackdown on prediction markets

‘Gruesome’ war bets fuel calls for crackdown on prediction markets

MAR 15 - Stew, a 35-year-old from Montana, has enjoyed dabbling in sports bets since he downloaded the Kalshi app about 18 months ago. But just a few Kenya breaking news | Kenya news today |..

✨ Key Highlights

Concerns are mounting over the rise of prediction markets, where users can bet on virtually any future event, including sensitive geopolitical and military outcomes.

  • $44bn in trades have been hosted on these platforms, which have exploded in popularity.
  • Critics, like Public Citizen, are calling for a crackdown due to "gruesome" wagers on events like military action and the death of heads of state.
  • Platforms like Kalshi and Polymarket have cancelled some controversial markets, such as one on Iran's Ayatollah Ali Khamenei's "out" status, amid regulatory scrutiny and user backlash.

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