After a series of dubious bets placed on the ouster of Venezuela's Maduro and Iran strikes, lawmakers are looking to ban insider trading on prediction markets.

After a series of dubious bets placed on the ouster of Venezuela's Maduro and Iran strikes, lawmakers are looking to ban insider trading on prediction markets.

The bill comes as a user on Polymarket made more than $500,000 by taking a position that the US would strike Iran.