Nine anonymous accounts on Polymarket reportedly netted over $2.4 million by betting on U.S. military actions against Iran, achieving a 98% win rate. Bubblemaps founder Nicolas Vaiman and investigative lead Deebs revealed these accounts placed precise bets on military events, including the February 28 joint U.S.-Israel strike on Iran. The accounts, linked through fund flows and trading patterns, were flagged for suspected insider trading.
Bubblemaps' analysis showed these accounts consistently ranked high on Polymarket's profit leaderboard, with funds moving through centralized exchanges into a shared wallet network, suggesting professional money laundering. The investigation, shared with 60 Minutes, highlighted the potential for insider trading in prediction markets, prompting Polymarket to enhance its monitoring systems. Despite the findings, no direct links to specific entities have been established.
Nine Polymarket Accounts Allegedly Profit $2.4 Million from U.S.-Iran War Predictions
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