Inside Kalshi’s Washington play as Congress eyes prediction markets

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Welcome to Monday’s edition of Washington Secrets. We take a look at the prediction market rivalry with profound implications for regulators … and why you may have seen it play out on bus stops, plus what definitely NOT to wear at next week’s royal garden party.

Polymarket has 245 active markets on the war in Iran, allowing users to make money by predicting whether there will be another change of leader in Tehran or whether the US will invade.

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