Invest ideasNews
22 May 2026, 19:38
Has Ethereum (ETH) Reached Peak Pessimism: Or Is More Pain Coming?
Ethereum (ETH) has shed nearly 30% of its market value so far this year. Despite numerous recovery attempts, its market performance throughout May remained weak. Growing fear and frustration around the asset have become increasingly visible across social media and market activity. According to Santiment, the downturn has not been driven by a single major negative event, but rather by several bearish narratives building at the same time. Bearish Narratives Spiral One of the clearest signs highlighted by the firm was the rise in Ethereum’s social dominance even as prices continued falling. While higher social dominance can often signal strong bullish attention during rallies, Santiment noted that Ethereum’s discussion volume surged after its April 17 local top precisely when the asset began losing momentum. Instead of conversations centered around optimism or new highs, social media discussions were increasingly focused on disappointment, frustration, and concerns about further downside. Santiment also flagged a steady deterioration in sentiment ratios on social media platforms. During late April, Ethereum maintained relatively strong sentiment levels, as it recorded more than two bullish comments for every bearish one. However, that ratio gradually declined throughout May until bullish and bearish commentary became nearly equal. The firm said this kind of sentiment erosion typically indicates weakening trader confidence in an asset’s short-term outlook. Ethereum’s weak price performance itself has been one of the biggest contributors to the negative mood. Many traders have increasingly viewed ETH as “dead money” compared to assets that have shown stronger momentum during 2026, Santiment said in its latest post. While Bitcoin has continued attracting institutional confidence and newer ecosystems have drawn speculative interest, Ethereum has struggled to regain the market leadership role it held in previous cycles. ETF flows also added to bearish sentiment. Several Ethereum exchange-traded funds reportedly recorded continued outflows throughout May, including significant withdrawals from BlackRock-related funds. Santiment added that days with more than $50 million in net inflows, once relatively common for Ethereum ETFs, have not occurred for almost three weeks. Although ETF flows often follow sentiment rather than predict it, retail traders frequently interpret outflows as evidence that institutions are losing confidence in the asset, which further adds to fears already created by falling prices. Negative headlines surrounding the Ethereum Foundation also contributed to the change in market mood. Reports about researcher departures and ongoing exits from the ecosystem spread widely across social media. Many traders see them as signs of instability within Ethereum’s leadership and development community. At the same time, viral rumors claiming prominent Ethereum figures, such as David Hoffman, were reducing or exiting their ETH holdings further fueled uncertainty, even when some reports lacked full context. Santiment said such narratives can spread rapidly in crypto markets, especially when traders begin fearing that insiders are abandoning positions before the broader market reacts. Contrarian Setup? Competition from other blockchain ecosystems has also intensified pressure on Ethereum’s reputation. Data showed Ethereum still leads the crypto industry in raw development activity, as it generates millions of GitHub events and maintains one of the largest developer communities in the sector. However, retail traders have increasingly prioritized short-term price performance over long-term development strength, while ecosystems such as Solana and BNB Chain continue to attract speculative enthusiasm. On-chain activity has weakened as well, with both daily active addresses and network growth declining from the high levels seen during Ethereum’s strongest rallies in 2024 and 2025. Despite the overwhelmingly bearish environment, the firm said extreme pessimism can sometimes point to exhaustion among traders and potentially emerge near major market turning points. “Growing bearishness may eventually become constructive from a contrarian perspective. Historically, markets tend to punish the crowd when consensus becomes too one-sided. Ethereum is now reaching a point where social media discussion has become overwhelmingly focused on reasons to abandon the asset. “ The post Has Ethereum (ETH) Reached Peak Pessimism: Or Is More Pain Coming? appeared first on CryptoPotato .
22 May 2026, 19:00
Coinbase Expands New York Offerings with Axelar (AXL) Trading
BitcoinWorld Coinbase Expands New York Offerings with Axelar (AXL) Trading Global cryptocurrency exchange Coinbase has officially enabled trading for Axelar (AXL) for customers residing in New York state. The move adds another digital asset to the platform’s limited but carefully curated selection available to New Yorkers, who operate under the state’s stringent BitLicense regulatory framework. Expanding Access in a Regulated Market New York remains one of the most tightly regulated cryptocurrency markets in the United States. Exchanges must obtain a BitLicense from the New York State Department of Financial Services (NYDFS) to offer trading services to residents. Coinbase has held a BitLicense since 2017, allowing it to list a select number of digital assets that pass regulatory scrutiny. The addition of Axelar (AXL) signals continued confidence in the token’s compliance with state standards. Axelar is a cross-chain communication protocol that enables decentralized applications (dApps) to interact across different blockchain networks. Its native token, AXL, is used for network fees, governance, and security. The project has gained traction as interoperability becomes a key focus in the blockchain industry, with Axelar connecting major ecosystems such as Ethereum, Cosmos, and Avalanche. What This Means for New York Traders For New York-based investors, the listing provides a regulated avenue to gain exposure to a token that is otherwise available on decentralized exchanges and other platforms that may not serve the state. Coinbase’s integration ensures compliance with local laws, offering a layer of consumer protection and transparency that many traders prioritize. Market and Industry Implications The decision to list AXL in New York comes at a time when the broader cryptocurrency market is seeing increased institutional interest in interoperability solutions. Axelar’s technology addresses a critical bottleneck in blockchain adoption: the ability for different networks to communicate seamlessly. By making AXL accessible in a major financial hub, Coinbase is positioning itself as a gateway for regulated exposure to emerging infrastructure projects. Coinbase has not disclosed the exact date when trading began, but the exchange typically announces new listings via its official blog and social media channels. Users in New York can now buy, sell, convert, send, receive, or store AXL directly through their Coinbase accounts. Conclusion The addition of Axelar (AXL) to Coinbase’s New York platform represents a carefully vetted expansion of the exchange’s asset offerings in a highly regulated jurisdiction. For traders, it opens a compliant path to participate in the growing cross-chain ecosystem. For the broader industry, it underscores the increasing alignment between innovative blockchain projects and established regulatory frameworks. FAQs Q1: What is Axelar (AXL)? Axelar is a decentralized cross-chain communication network that allows different blockchain platforms to interact. Its native token, AXL, is used for transaction fees, staking, and governance within the network. Q2: Why is Coinbase listing AXL specifically for New York? New York has strict cryptocurrency regulations under the BitLicense framework. Coinbase must ensure every listed asset meets NYDFS compliance standards. Listing AXL for New York residents indicates the token has passed these regulatory requirements. Q3: Can New York residents trade AXL on other exchanges? Many exchanges choose not to operate in New York due to the regulatory burden. Coinbase is one of the few major platforms serving the state. New York residents may find limited options for trading AXL elsewhere, making this listing particularly significant for local investors. This post Coinbase Expands New York Offerings with Axelar (AXL) Trading first appeared on BitcoinWorld .
22 May 2026, 18:35
10 Best Crypto Games for iPhone users (Complete Review)
You should start playing crypto games immediately if you have an iPhone. These wildly innovative new games reward your gaming with prizes from the real world. Check out these best crypto games for iPhone users and see if there’s some additional profit in them for you. Those familiar with crypto games could download an online game to their iPhones, play it to fulfill specific goals, and then win tokens or NFTs in return. Subsequently, they may be exchanged into cryptocurrencies, which can then be exchanged for conventional currency. If this is all a little unfamiliar to you, be sure to read more about NFTs here . Crypto games might not have the same visuals or gameplay as your latest AAA console game, but profit is their main attraction. These games are changing how we play, whether through charming farming games or skill games like Snooker. So, grab your iPhone and follow us as we examine the best crypto games for iPhone in more detail. What are Crypto Games for iPhone? Any well-known game genre built on a blockchain is considered a cryptocurrency game for mobile devices running iOS and Android . They do, however, have an added advantage in the shape of potential revenue. Consider the scenario where you enjoy entertainment software such as strategy, arcade, or simulation games. Nevertheless, your hectic schedule and desire to avoid wasting time prevent you from partaking in such a seductive pastime in the evening. The answer is simple: acquire some cryptocurrency assets, get the app you want from the App Store, and go on an exciting trip into a world where games let you earn money for the time you spend playing them. How do Crypto Games work on iPhones? The players’ activities drive the growth and development of crypto games on iOS. The basis of their operations is a certain amount of money ( tokens /coins), which enables players to level up their characters and acquire additional in-game resources. These tokens might be seen as a possible cryptocurrency that will gain popularity. As a result, while making purchases in a blockchain game, you do not throw your money away as you would in a traditional game, but instead acquire a virtual asset. By doing this, characters, skins, and other stuff are transformed into “currencies” that “may be traded for real money, sold to other players, transferred to other projects, or simply converted into a functioning cryptocurrency before being withdrawn. It’s important to keep in mind that users may purchase digital assets and receive incentives for activities such as competing in tournaments. What do you need to play Crypto Games on your iPhone? A fascinating adventure into the world of iOS cryptocurrency games may be started with very little money. In essence, you need a smartphone with a downloaded program, an active online wallet, and some digital currency you will use for games. Step 1: Create a Cryptocurrency Wallet You must select a platform that supports the coin you want to use to set up a crypto wallet. Check whether there is a little padlock icon next to the URL, indicating that the link is safe and begins with HTTPS, before going to the service website. Then, you should read the website’s instructions before completing the registration process. It often takes no longer than 15 minutes. The most common need is to enter your email address and password, after which you may upload a file containing private keys (if offered) or input your bank information. In conclusion, make sure to securely save all data. Step 2: Purchase Starter Items Play-to-earn crypto games can be downloaded for free for iOS, but to begin playing, you’ll need to buy a character, card, or token. You can begin the game after buying the required equipment. Step 3: Pre-funded Crypto Wallet The two locations mentioned above converge here. You must first add a specific amount of game-appropriate cryptocurrency to your crypto wallet to successfully buy the required items. As a result, players frequently purchase popular coins to later trade for the game’s cash. Best Crypto Games for iPhone users 1. Reels.io Reels.io is a well-recognized crypto casino known for its fast withdrawal times and for not requiring KYC verification to play. The casino has integrated Wallet Connect , enabling players to log in with custodial crypto wallets like MetaMask and Trust Wallet by scanning a QR code. The casino offers thousands of game titles, along with a sportsbook featuring local and international tournaments. An exciting feature of the casino is its generous welcome bonus and free spins offered after your first deposit. They match your deposit by 275% up to $2,000. The exact percentage depends on your deposit amount. You need to deposit at least $20 or a crypto equivalent to be eligible. 2. Mobox Playing such games in a P2P game like MOBOX will earn you awards. On iOS, you have a variety of MOBOX NFT games to pick from, including Trade Action, OMO Farmer, and Token Master. A system called MOBOX combines NFTs, entertainment, and DeFi technology. This is one of the games that offers users a fun environment where they can earn special NFTs and maximize their earnings. MOBOX, a free-to-play game, offers a marketplace where you can conveniently buy and sell mobile game items. 3. Gods Unchained The Gathering Arena players now have the opportunity to play a copy of their preferred game and make money doing it. Immutable X, built on Ethereum and serving as a foundation for Gods Unchained, was founded by brothers James and Robbie Ferguson, who are renowned for developing the first blockchain multiplayer game and the first NFT ZK Rollup. The GODS token, an ERC-20 token utilized for nearly everything in-game, is the center of the game. Players use it to collect prizes, purchase and sell items on the market, and mint NFT cards. This is an MMO strategy game; playing it helps you earn a lot of money while exercising your brainpower. 4. Sorare Sorare has more than 200 licensed clubs and the players that play for them, which sets it apart from other NFT fantasy football games. Teams with names like Real Madrid, Liverpool, Paris Saint-Germain, and Bayern Munich add an immersion level unmatched in other games. Each player is first given a random deck from which to form their five-member team and engage in weekly competition with other players. However, you must purchase rarer cards from the market if you want to go up. Because the game is built on Ethereum, ETH is required for all transactions. The cards have four different rarity levels: common, rare, super-rare, and unique. Here is an illustration of how that affects players. A rare card is Jose Gimenez, while a super-rare card is Marco Verratti. Robert Lewandowski, on the other hand, is a special card. There is a cap on the number of times each level can be drawn in a given season. Each rare card can only be found in quantities of 100, 10, and 1 of each super-rare and unique. 5. Illuvium RPGs with open worlds have traditionally been among the most popular games available. This is a mixed reality NFT game. By using blockchain technology, they expanded gaming and attracted a larger audience. One of these games is Illuvium. The game’s objective is to assemble a strong squad of Iluvials to defeat your rivals. The Immutable X platform, which offers free NFT transactions and simple NFT development, underpins the game and runs on the Ethereum blockchain. It is currently one of the most popular play-to-earn games, with a market valuation of more than $500 million. Illuvium adheres to the tried-and-true format of a solid primary narrative with several side missions to keep players interested even after completing the main plot. Another reason to keep playing the game even after completing all objectives is the P2E aspect. Heroes, equipment, weapons, and even perishable commodities like different potions may all be sold on the Illuvium market for NFTs. 6. The Walking Dead: Empires Both reviewers and viewers have had conflicting reactions to the most recent seasons of The Walking Dead. Gala Games is attempting to capitalize on this popularity with The Walking Dead: Empires, even though the show is still relatively popular. Any zombie enthusiast should find plenty to pique their interest in this enormous post-apocalyptic landscape, expansive crafting system, and both PvP and PvE fights. It is a dream come true for many survivalists, especially considering the marketplace where you can sell your handmade guns and other items. According to the creators, players can also make money through other methods. One of the more intriguing ones is the capability to purchase a piece of land, construct a base there, and charge players to use it. 7. Dogami If you’ve played Tamagotchi, you’ll immediately fall in love with Dogami. The game allows you to take care of a virtual pet (or pets), which you may select from a selection of more than 300 adorably charming creatures. The four distinct pet rarity levels—bronze, silver, gold, and diamond—each bring new attributes and qualities. Through a variety of quests, you may improve your pets even more. Dogami uses DOGA tokens as in-game currency and is built on the lesser-known Tezos network. It contains play-to-earn and NFT functionalities. Pets may be sold on the market, or you can complete missions to be paid. 8. Monsta Infinite Monsta Infinite is one of those NFT games whose title alone may give away its main plot. Monsta Infinite is a multi-game play-to-earn NFT platform featuring many crypto games centered on monsters, with a strong chance of success in the market. You must buy three monsters from the market to participate in the Monsta Infinite world wars. Every monster has the same six talents, two attack cards, and two defensive cards in the game. 9. Binemon Fans of play-to-win games on Android and iOS quickly adopted meme NFTs after they first appeared. Collectibles, gachas, RPGs, and adventures are all flawlessly incorporated into one universe in this Pokémon-inspired crypto game. Players have the option to build an army of pets to fight in PvP or PvE. Ambrosia is one of three in-game currencies that players may acquire. Mons may be purchased in the market with local currency, DRK. 10. Skyweaver You may play a card game that lets you compete against other players. This card game won’t go down if you like them. Many cards are available in the game, and the graphics are vibrant and detailed. You may use the weak and strong points of each card in combat. With each victory, you receive reward tokens that you may trade for more vital cards. – exactly like you would with real ones. The game fundamentals are relatively simple to understand, even though the game process entirely depends on your strategies and includes some challenging combinations. You can always refer to the beginner’s guide if you encounter any issues. Once you start playing, you’ll have to construct your decks intelligently and create potent combinations. Now that all your cards are encrypted on the blockchain, only you can access them. Over 500 cards are now available for trading and collecting in the game. The odds of getting a particular card are always the same because there is no tier of rarity for these cards. Several additional bonuses and goods, with varying rarities, affect their cost. NFT Games iOS Investing While playing most NFT games may seem like a simple way to obtain free NFTs, it is not an intelligent investment strategy. Even though they are billed as play-to-earn, you won’t want anything. Most of these games have their own NFT collections, although these have little value outside their respective worlds. The likelihood of their future increase in value is low to none, yet at least some of them may. If you are serious about investing in NFTs, there are far better possibilities, such as Platinum Rollers Club, one of the newest and most promising NFT initiatives. Is it safe to play Crypto Games on iOS? Yes, in most cases. You should consider two aspects of iOS cryptocurrency game security. On the one hand, the blockchain technology powering these games tracks player data, character actions, transactions, and more. As a result, this technology’s ability contributes to security. On the other hand, no one or anything can guarantee that the project you wish to work on will be successful. As a result, the decision is always up to you. These mobile games help players earn substantial money. Benefits of Online Crypto Gaming To start, you should be aware that, because of their blockchain architecture, crypto games do not have a single server that their producers fully control. Instead, a decentralized database running across many miners’ computers is used to transmit and store all data on players, activities, and money. The gamer may be sure that their data and assets are secure. Many individuals are encouraged to start using Bitcoin since it has genuine income potential. However, as experience has shown, a small investment can yield a big payoff if you carefully select your projects and strategies. This approach offers a comfortable way to deal with money without restrictions on your operations. For instance, a player may withdraw or share them with other players to utilize for different projects. Knowing that you are trying to make money and spending time on kid-friendly games lets you enjoy yourself guilt-free. Conclusion Finally, it is worth noting that more individuals are expected to join iOS play-to-earn cryptocurrency games in the future. Crypto influencers can now develop and acquire digital assets through gaming infrastructure, thanks to rapid technological advancements, creating new methods and income opportunities. Based on this, renowned game creators are unlikely to pass up the chance to develop fresh, intriguing ideas, further boosting interest in this field.
22 May 2026, 18:30
Squid Raises $6M in Strategic Funding With Ripple Backing Cross-Chain Platform
BitcoinWorld Squid Raises $6M in Strategic Funding With Ripple Backing Cross-Chain Platform Cross-chain infrastructure platform Squid has secured $6 million in a strategic funding round, with participation from Ripple, signaling growing institutional interest in blockchain interoperability solutions. The round was led by North Island Ventures, with additional backing from Dialectic and Borderless. Funding Details and Growth Trajectory This latest injection brings Squid’s total funding to $13.5 million since its launch in 2023. The platform has already processed over $6 billion in transaction volume, supporting asset transfers across more than 100 blockchains, including Bitcoin, Ethereum, and Solana. The company plans to use the new capital to accelerate development of a consumer-facing product designed to simplify how users access and manage their crypto assets across different networks. Strategic Significance of Ripple’s Involvement Ripple’s participation in this round is noteworthy, as it marks continued investment in cross-chain infrastructure by one of the industry’s established payment-focused blockchain companies. Ripple has been expanding its ecosystem beyond its core payment network, and backing Squid aligns with broader industry efforts to improve interoperability between disparate blockchain networks. The investment also signals confidence in Squid’s technology and its potential to address fragmentation in the crypto asset management space. What This Means for Cross-Chain Usability The cross-chain sector has become increasingly competitive as developers and users demand seamless movement of assets between blockchains. Squid’s approach focuses on reducing friction for end users, a critical factor for mainstream adoption. With over $6 billion in volume already processed, the platform has demonstrated meaningful traction in a market where user experience often remains a barrier. The new consumer product could help bridge the gap between complex DeFi infrastructure and everyday crypto users. Conclusion Squid’s $6 million raise, particularly with Ripple’s backing, underscores the growing importance of cross-chain infrastructure in the evolving crypto landscape. As the platform develops its consumer-facing product, it may play a key role in making multi-chain asset management more accessible. The funding also reflects sustained investor interest in solving interoperability challenges, even amid broader market fluctuations. FAQs Q1: What is Squid? Squid is a cross-chain infrastructure platform launched in 2023 that enables asset transfers across more than 100 blockchains, including Bitcoin, Ethereum, and Solana. Q2: How much funding has Squid raised in total? With the latest $6 million strategic round, Squid’s total funding now stands at $13.5 million. Q3: What will Squid use the new funding for? The company plans to accelerate development of a new consumer product aimed at helping users access and manage their crypto assets across multiple blockchains. This post Squid Raises $6M in Strategic Funding With Ripple Backing Cross-Chain Platform first appeared on BitcoinWorld .
22 May 2026, 18:17
XRP Ledger Explodes Into Top 4 RWA Chains — Becoming One of Crypto’s Fastest-Growing Hubs
XRP Ledger Enters Overdrive Mode as RWA Adoption Skyrockets The XRP Ledger (XRPL) is steadily evolving from a payments-centric blockchain into a leading contender in the real-world asset (RWA) tokenization space. Notably, its recent rise, from the top 10 to fourth on the RWA.xyz league table, signals more than momentum because it reflects a structural shift in how traditional finance is moving onchain. XRPL’s expansion is being driven by practical institutional use cases. Over the past year, it has drawn increasing attention from fintech firms, liquidity providers, and asset issuers seeking faster settlement, lower costs, and more efficient capital flows than legacy financial systems can offer. There is More Than Meets the Eye in XRPL’s Growth The XRPL network now supports a growing portfolio of tokenized instruments, including U.S. Treasuries, money market funds, commercial paper, and structured credit products. These are not experimental crypto assets, but regulated, yield-bearing financial products bridging traditional markets with blockchain infrastructure. The real significance lies in what this enables next. Once tokenized, these assets can move beyond static representation and become programmable financial tools, usable as collateral in lending markets, transferable across borders in real time, integrated into automated settlement systems, and plugged into liquidity networks that reduce friction in global finance. XRPL’s design continues to support this shift. Its fast settlement times, low transaction costs, and built-in tokenization features make it attractive for institutions that need scalability without the congestion and high fees seen on other networks. Momentum around the XRP Ledger ecosystem is also broadening. Ripple’s involvement in initiatives like SwissHacks 2026 is encouraging developers to build applications spanning payments, FX, lending, credit markets, and AI-driven financial agents. Furthermore, RLUSD recently recorded its largest mint on the XRP Ledger, highlighting growing demand for stable liquidity within the ecosystem. XRPL network activity reflects this acceleration, with usage hitting a 2-month high as new tokenization projects, including energy-backed and other emerging real-world assets, gain traction. As global markets move toward tokenization at scale, XRPL is increasingly positioning itself not at the margins, but at the center of institutional blockchain finance.
22 May 2026, 18:15
U.S. House Committee on Oversight and Government Reform is probing Polymarket and Kalshi over suspected insider trading
The House Committee on Oversight and Government Reform is probing Polymarket and Kalshi over alleged insider trading. Committee Chair James Comer notes that internal records held by prediction markets are the only means to identify and determine platform compliance. The congressional probe focuses on whether traders on prediction markets exploit nonpublic, classified government data to profit from event contracts. Chairman Comer announced the investigation on CNBC’s “Squawk Box.” He also revealed that formal information request letters have been sent to Polymarket CEO Shayne Coplan and Kalshi CEO Tarek Mansour. The House Oversight Committee has mentioned several suspicious trading incidents, including allegations that a U.S. Army sergeant used classified information to earn $409,000 in profits on Polymarket. Additionally, Kalshi recently penalized three congressional candidates for betting on their own electoral races. Mark Moran, Matt Klein, and Ezekiel Enriquez were slapped with 5-year bans and fines. Kalshi’s move is proof that prediction markets can regulate their own platforms. However, the committee demands that both Kalshi and Polymarket submit internal documents and compliance data regarding user verification, geographic restrictions, and surveillance systems to help detect insider trading. Kalshi supports ban on Congress members from trading Kalshi explained in a May 20 statement that it had taken the enforcement action after launching new safety measures. Kalshi executives and board members have publicly supported legislation that would ban members of Congress from trading. The move aligns the platform with the Oversight Committee’s objectives rather than fighting them. Kalshi also emphasizes that it employs a dedicated surveillance team of about 20 people to monitor for manipulation. It also employs “Know Your Customer” (KYC) checks to screen out government officials. The platform is likely to present these data points in its June 5 submission. Polymarket is also responding by using technology to promise sweeping transparency that traditional markets cannot match. The platform recently partnered with Chainalysis to directly counter claims of insider trading. The partnership aims to scan transactions in real time and flag potential insider activity (especially from whales). Polymarket creates a digital paper trail that can be shared with regulators. Polymarket’s response to the House Oversight Committee’s document request also emphasizes that all its transactions are publicly available on the blockchain. However, although the platform may lack the traditional internal memos Comer requested, it can offer a complete ledger of every trade ever made. That offers more visibility than traditional finance. Comer emphasizes that Congressional action may be necessary House Oversight Committee Chair James Comer emphasizes that Congressional action may be necessary due to increasing insider trading activity on prediction markets. Elizabeth Diana, Kalshi’s head of communications, recently stated that prediction platforms are looking forward to engaging with the Committee and its members about systems and processes that have been built over the years. “Specifically, we are examining the adequacy of company safeguards to prevent access to offshore sites to circumvent compliance with applicable U.S. federal regulations governing prediction market platforms…The Committee requests documents and information to better understand how [Polymarket and Kalshi] implement identity verification for domestic and international account holders…” James Comer , Chairman of the House Oversight Committee A recent investigation by the New York Times has revealed that over 80 Polymarket users placed suspiciously timed wagers. There are also rumors of exact betting ahead of military strikes. Some of the bets were made hours before the U.S.-Israeli military operations against Iran happened. These bets are worrying because safety across prediction markets may not be sufficient. Chairman Comer has also noted that the growth of these platforms may have accidentally created conditions that bad actors can exploit. The focus is on individuals with national security clearance. The rapid global expansion of these prediction markets is also concerning because internationally placed event contracts may not be subject to the same identity verification and insider trading bans as domestic event contracts. Comer points out that bipartisan members of Congress have introduced bills that they intend to use to rein in prediction markets. A letter from seven Democratic lawmakers, led by Rep. Chris Pappas of New Hampshire, also calls on the Oversight Committee chair to subpoena the prediction platforms. The American public has a legitimate interest in knowing whether individuals entrusted with classified national security information can use that access for personal financial gain. 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