Stop government officials from betting on war, terrorism, and assassination

An anonymous account on online prediction website Polymarket, trading under the username “Magamyman”, made more than $553,000 by betting about Iran and Supreme Leader Ayatollah Ali Khamenei shortly before an Israeli airstrike killed him.

We don’t know who “Magamyman” is. This person could have no connection to the president other than (if the username is any indication) being a fan. But the timing and size of the bets suggest there could have been insider knowledge of political events about to take place.

And the Trump Administration isn’t doing enough to prevent people from betting on these gruesome outcomes and potentially benefitting from insider knowledge when doing so.

It’s up to Congress to act.

Please email your members of Congress. Urge them to prevent government officials from profiting off bets on prediction websites like Kalshi and Polymarket, and ban betting on gruesome acts like terrorism and war.

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{contact_data~title} {contact_data~lastName},

I’m reaching out because I’m concerned about the rise of online prediction markets like Kalshi and Polymarket handling bets on the outcome of political events.

At the end of February, Supreme Leader of Iran Ali Khamenei was killed by an Israeli airstrike. Shortly before it happened, an anonymous account on Polymarket under the username “Magamyman” bet that Khamenei would be removed from power. This person ended up making more than $553,000.

While no one knows who “Magamyman” is, the timing of this bet is certainly suspicious. It would be an extreme violation of the public trust for a government official with insider knowledge of the airstrike to use that knowledge to gain hundreds of thousands of dollars in personal profit.

Congress has the responsibility to act.

Please co-sponsor the bills, the “End Prediction Market Corruption Act” (S. 4017 and H.R. 8123) and “Banning Event Trading on Sensitive Operations and Federal Functions Act” (S. 4115 and H.R. 7955), to prevent government officials from profiting off bets on prediction websites like Kalshi and Polymarket and ban betting on gruesome acts like terrorism and war.

Thank you for your time.

{user_data~First Name} {user_data~Last Name}
{user_data~City}, {user_data~State}

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