Crypto prediction markets are turning into dangerous national security risks, and Congress wants to ban them

60-second summary

Congress is moving to ban crypto prediction markets after investigators discovered 80 bets on Polymarket with a statistically impossible 98% win rate, raising national security concerns. This suggests a coordinated effort to manipulate the market, potentially for malicious purposes. The ban would likely impact the entire industry, limiting the use of prediction markets for both legitimate and illicit activities.