New Delhi, July 19 -- Betting on ongoing geopolitical events has caught global attention since United States attack Iran earlier this year. However, this time, the White House is alarmed as anonymous betters have won a whopping Rs.5.22 crore ($600,000) betting on the US-Iran ceasefire deal.

According to a Wall Street Journal report, the White House, federal agencies, and congressional investigators are concerned amid mounting evidence that prediction markets such as Polymarket and Kalshi are being used to cash in on non-public government information.

Concern first stirred earlier in 2026 after anonymous accounts on Polymarket placed five-figure wagers, in rupee terms running into several lakh, that President Trump and Iran would strike ...