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The Democratic Party in the United States plans to legislate to restrict prediction markets, raising concerns about insider trading related to the war in Iran
According to market news, U.S. Democratic Senator Chris Murphy posted a video on the X platform stating that last Friday, someone placed a "very specific bet" on "the U.S. going to war with Iran on Saturday." He pointed out that it is clear that individuals close to Trump were aware of Saturday's actions in advance, and these bettors likely have insider information. Murphy warned that if such war gambling continues, those around the president may "push us into war" for profit.
Last Saturday, multiple related bets circulated widely on Polymarket. Reuters reported that Murphy and Democratic Congressman Mike Levin are working on drafting a bill to strengthen regulation of prediction markets like Polymarket and Kalshi. Levin stated that profiting from foreknowledge of military actions "absolutely should be illegal." He noted that while the Commodity Exchange Act prohibits contracts related to events that "contravene public interest," such as war and terrorism, current rules grant prediction markets too much freedom.
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WEEX P2P update: Country/region restrictions for ad posting
To improve ad security and matching accuracy, WEEX P2P now allows advertisers to restrict who can trade with their ads based on country or region. Advertisers can select preferred counterparty locations for a safer, smoother trading experience.
I. Overview
When publishing P2P ads, advertisers can now set the following:
Allow only counterparties from selected countries or regions to trade with your ads.
With this feature, you can:
Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.
II. Applicable scenarios
The following are some common scenarios:
Restrict payment methods: Limit orders to users in your country using supported local banks or wallets.Risk control: Avoid trading with users from high-risk regions.Operational strategy: Tailor ads to specific markets.
III. How to get started
On the ad posting page, find "Trading requirements":
Select "Trade with users from selected countries or regions only".Then select the countries or regions to add to the allowlist.Use the search box to quickly find a country or region.Once your settings are complete, submit the ad to apply the restrictions.
When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:
If you encounter this issue when placing an order as a regular user, try the following solutions.
Choose another ad: Select ads that do not restrict your country/region, or ads that allow users from your location.Show local ads only: Prioritize ads available in the same country as your identity verification.
IV. Benefits
Compared with ads without country/region restrictions, this feature provides the following improvements.
Aspect
Improvement
Trading security
Reduces abnormal orders and fraud risk
Conversion efficiency
Matches ads with more relevant users
Order completion rate
Reduces failures caused by incompatible payment methods
V. FAQ
Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.
Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.
Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.
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