00:00It's Benzinga bringing Wall Street to Main Street.
00:02Wagers on prediction markets tied to Iranian Supreme Leader Ayatollah Ali Khamenei and the
00:07timing of U.S. strikes on Iran are drawing scrutiny over possible insider trading and
00:12ethics concerns, according to CBS News. A January Pauly market contract drew $4 million in bets on
00:19whether the U.S. or Israel would strike first. A trader using the name Magamiman made nearly
00:24$600,000 by betting on the timing of U.S. and Israeli strikes on Iran, according to Pauly
00:30market data. Scrutiny intensified after Bubble Maps reported that six suspected insiders
00:35made $1.2 million betting yes on a U.S. strike on Iran hours before it occurred.
00:41Kalsher said it does not allow bets on deaths or military strikes and cited federal rules.
00:46Pauly market did not respond. The CFTC did not comment.
00:50For all things money, visit Benzinga.com.
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