Markets Recover Following Iran Strike as Polymarket Faces Probe

US and Israeli strikes on Iran triggered market volatility and allegations of $529M in insider trading on the prediction platform Polymarket.US Senator Chris Murphy and Mike Levin called for federal oversight, noting that Donald Trump Jr. sits on the firm's advisory board.While defense stocks and oil prices surged following disruptions in the Strait of Hormuz, major US stock indexes recovered most initial losses.Financial indicators showed stress as 10-year Treasury yields rose above 4% and mortgage rates reached 6.12% during the spring housing season.