Suspected insiders made $1.2M on Polymarket before U.S. strike on Iran

Six Polymarket accounts earned roughly $1.2 million after correctly betting that the U.S. would strike Iran on Feb. 28, blockchain analytics firm Bubblemaps said. Most of the wallets were funded within 24 hours before the attack and bought “Yes” shares just hours before explosions were reported; the accounts showed no activity beyond those predictions.

Bubblemaps published a visual map showing the six wallets clustered together and funded through similar paths. One account bought more than 560,000 “Yes” shares at about 10.8 cents each, a position that paid out near $560,000 after the market resolved at $1. Another purchased nearly 150,000 shares at 20 cents, producing a six-figure profit.

All six profiles were created in February, and trading volume on the Feb. 28 contract reached nearly $90 million, part of more than $529 million wagered across related strike-date markets since December. The strikes followed a televised address by U.S.

United States

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