Traders on prediction markets reaped significant profits by betting on world leaders losing power, including over $550,000 from Magamymans wagers on Irans Supreme Leader and over $430,000 on U.S. action against Iran. However, these markets are under scrutiny due to concerns about insider trading, national security, and encouraging violence. Two California lawmakers propose the DEATH BETS Act to ban bets tied to assassinations, individual deaths, terrorism, or war.
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