Polymarket Says 'Investigating' After Massachusetts Rep Blasts Company for Offering Bets on Missing US Service Member Shot Down Over Iran

Submitted by Jagajeet Chiba on

Written by :

Jagajeet Chiba

Published on :

Plane over Iran

Democratic candidate for US Senate in Massachusetts, Seth Moulton, tore into the prediction market Polymarket for offering trading on whether a downed US pilot would be found alive in Iran. 

Polymarket did pull the market almost immediately, Gambling911.com can report. 

Moulton, who served four combat tours in the U.S. Marine Corps from 2001 to 2008, tweeted: 

"There is an ongoing search and rescue operation for a missing American service member whose plane was shot down over Iran. Their safety is unknown.

"They could be your neighbor, a friend, a family member. And people are betting on whether or not they'll be saved.

"This is DISGUSTING.

"Quick reminder too that @DonaldJTrumpJr is an investor in this dystopian death market and may have access to intelligence that isn't public yet."

Polymarket responded two hours later to Moulton's tweet. 

"We took this market down immediately as it does not meet our integrity standards.

"It should not have been posted, and we are investigating how this slipped through our internal safeguards."

Polymarket recently announced it would take action on insider trading, including in political markets.

The company maintains that it does not offer death-pool markets or anything resembling them. Markets that directly wager on whether a specific individual will die are generally prohibited or promptly removed, which appears to have occurred in this instance.

  • Jagajeet Chiba, Gambling911.com 

Related Content

Bitcoin

Gemini Predicted - Bitcoin Traders Eye $85,000 in May

Gemini Predicted has a featured market on Bitcoin's price for the month of May along with the Colorado Avalanche and Carolina Hurricanes trading spots as Stanley Cup favorites.
Spirit Airlines

Betting Markets Split on US Taking Stake in Spirit Airlines But Don't See Total Shutdown Likely

U.S. President Donald Trump said Thursday that he was weighing a taxpayer-funded takeover of Dania Beach, Florida-based Spirit Airlines with the intent of reselling the struggling budget carrier after oil prices drop.
MN Senator Matt Klein

Bill to Ban Prediction Markets in Minnesota Set to Hit Senate Floor Days After Lawmaker There Admits to Betting on Himself

A state lawmaker admitted to betting on his own election at Kalshi and has received a 5-year ban for doing so.
US soldier saluting the flag

Feds Charge Soldier With Using Classified Intel to Win $400K on Polymarket

A U.S. special forces soldier involved in the military operation to capture Venezuelan President Nicolás Maduro has been charged with using classified information about the mission to win more than $400,000 in an online betting market, federal officials announced Thursday.