A prediction market platform delisted a “Missing U.S. military aviator” prediction market, saying it violated integrity standards.

Gate News message, April 4, a prediction market platform recently delisted a prediction market involving the fate of a missing American pilot, saying that the content violates the platform’s “integrity standards,” should not have been launched, and that it is reviewing its internal moderation process. The incident has sparked widespread controversy. Previously, the market had been betting on whether the pilot would be “rescued,” and more than 60% of users placed bets that he would not be rescued in the short term. U.S. Representative Seth Moulton publicly criticized such trades as “disgusting,” questioning speculation on the fate of potential injured persons. He said, “U.S. service members may be your neighbor, friend, or family member, yet someone is betting on whether they will be rescued.” In addition, the platform has not clearly specified the exact rule it violated, leading to outside questions about rule transparency. At the same time, prediction markets are also facing rising concerns about “insider trading.” Reports say that some traders had made accurate bets to profit ahead of sensitive military events. On the regulatory side, multiple U.S. lawmakers have already called for strengthening restrictions on participation in prediction market trading using non-public information.