Prediction markets face DOJ scrutiny over well-timed bets on Nicolás Maduro capture, Iran strikes: sources
By Marc Vartabedian
Published on March 31, 2026.
Federal prosecutors in Manhattan are investigating bets on prediction markets that may have violated insider trading laws. The US Attorney for the Southern District of New York, led by former Securities and Exchange Commission Chairman Jay Clayton, recently met with representatives from Polymarket about potentially lucrative bets on events such as the capture of Nicolás Maduro and missile strikes on Iran. Both the SEC and the US Attorney’s office have authority to investigate concerns about insider trading and market manipulation in all markets. The investigation marks a regulatory ramp up for an industry that has grown sharply without federal oversight. No companies have been accused of wrongdoing.
Related Articles
Trump Signals Possible US Withdrawal from Iran Within Weeks
President Donald Trump indicated a potential US withdrawal from Iran within weeks, citing completion of his mission to eliminate the nuclear threat.
State Department Reopens Embassy in Venezuela Following Maduro Capture
The United States Embassy in Caracas reopened after a seven-year hiatus, emphasizing progress in restoring stability and economic stability in Venezuela.
Progressives Say Investments in People, Not Corporations, Can Jump Start City's Struggling Economy - Portland Mercury
Oregon progressives advocate for strategic investments in Portland’s economy, focusing on job creation and social services, amid severe budget cuts and economic challenges faced by the Trump administration.