Mike Levin, a Democratic representative from California, highlighted on the social media platform X that this user bought in on the position when the probability of a strike was at 17 percent and with the first trade placed 71 minutes before the news broke publicly. On the right, former White House Office of Management and Budget Director Mick Mulvaney, who served during the first administration of US President Donald Trump, launched a coalition earlier this week, Gambling Is Not Investing, advocating for regulation of prediction markets that would be similar to state-level gambling rules, which include licensing, age restrictions and taxes. In November 2024, CEO Shayne Coplan was the subject of an FBI raid, during which authorities seized his devices amid concerns over betting on the 2024 presidential election and speculation that positions on the platform based on Donald Trump winning the election swayed voters.
Author: Andy Hirschfeld
Published at: 2026-03-04 23:57:51
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