Analytics firm connects bets made on war with signs of insider trading
An analytics firm has uncovered a potential case of insider trading linked to military bets on Polymarket, with nine accounts reportedly earning $2.4 million. These accounts achieved a remarkable 98% win rate on bets related to significant events in the Iran war. The findings raise concerns about the integrity of prediction markets, especially as more than $1 billion has been wagered on military outcomes this year.
- ▪Nine connected Polymarket accounts made over $2.4 million betting on U.S. military actions.
- ▪The accounts had a 98% win rate on over 80 bets, raising suspicions of insider trading.
- ▪More than $1 billion has been staked online this year on military decisions and outcomes.
2 outlets in our directory ran this story, first to last over 27 hours. All of the coverage we found sits in one bucket: lean left. That one-sidedness is itself worth noticing.
- ▪ Dozens of Polymarket Bets Show Signs of Insider Trading, The Times Finds — NYT — Technology
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60 Minutes Overtime Suspected insider accounts net $2.4 million on Polymarket Iran war bets with 98% win rate, firm finds .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-60-minutes-overtime.jpg'); } By Jon Wertheim, Jon Wertheim Correspondent, 60 Minutes L. Jon Wertheim is an accomplished journalist and 60 Minutes correspondent. Read Full Bio Jon Wertheim, Aliza Chasan, Aliza Chasan Digital Content Producer Aliza Chasan is a Digital Content Producer for "60 Minutes" and CBSNews.com. She has previously written for outlets including PIX11 News, The New York Daily News, Inside Edition and DNAinfo. Aliza covers trending news, often focusing on crime and politics.
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