Betting on War: Mysterious Traders Make Millions on Well-Timed Bets Tied to Trump's War on Iran
Source: Democracy Now! · Bias: Far Left
Summary
The rise of online prediction markets has allowed people to bet on virtually any news event. For a small group of traders, the war with Iran has been a windfall. A number of lucrative, well-timed bets related to the war totaling over $1 billion have raised alarm over people connected to the Trump administration possibly using inside information to profit. Amanda Fischer, policy director and chief operating officer for Better Markets, says it’s unclear how closely regulators are watching these online betting markets. The president’s son Donald Trump Jr. is also an adviser to the two leading prediction markets, Polymarket and Kalshi, raising further questions about conflicts of interest. “There is a strict prohibition on offering gambling related to war, assassination, terrorism, gaming, activities that are illegal under state law or anything that’s contrary to the public interest. But the [Commodity Futures Trading Commission] under President Trump has completely retrenched from any enforcement of what kind of contracts are made available on these platforms,” says Fischer.
Related Coverage
- Trump announces new pardons after privately weighing "Diddy" clemency, sources said (Center — Politics - CBSNews.com)
- 'Total disaster' at Trump's fair as scorching heat leaves 7 on 'advanced life support' (Far Left — Raw Story)
- Trump, ballot seizures and a ‘declaration’: Gavin Newsom teases tiresome July 4 address to the state (Right — New York Post)
- 'Not mentally well': MAGA suspects Trump sabotaged by liberals armed with weather machines (Far Left — Raw Story)
- 'God is angry': Internet bemused as Mother Nature comes for Trump's Mount Rushmore speech (Far Left — Raw Story)
- Critics mangle MAGA’s crusade to make the nation 'sad and pathetic' like itself (Left — Alternet.org)
- ‘The second-most good-looking president’: Trump entertains on Usha Vance’s program (Far Right — WorldNetDaily)
- President Trump Reads “Presidents Play” (Far Right — The Last Refuge)
Daily Analysis
Read the full Parallax Pulse for April 23, 2026 — an AI-powered analysis of how Left and Right media covered the biggest stories this day.
More Headlines From April 23, 2026
- Cotton pushes bill to help critical infrastructure defend against drone threat (Center)
- Tensions rise in two ceasefires in the Middle East. And, the Navy secretary ousted (Center)
- Dangote Vows to Build Nigeria-Style Oil Refinery in East Africa (Center)
- Senate Republicans adopt budget resolution in late-night voting marathon (Center)
- Senate Passes Resolution to Fund ICE, CBP and Sets Stage for Reconciliation Vote (Far Right)







