More than a dozen people made substantial profits from betting that Iran would be bombed
Over a dozen anonymous accounts wagered on Polymarket that the White House would launch an attack against Iran, collectively putting in nearly $67,000 and reaping significant profits shortly before the attack.
More than a dozen anonymous accounts engaged in a betting scheme on the cryptocurrency-based betting market Polymarket, predicting that the White House would initiate an attack against Iran by Saturday. Collectively, these individuals wagered approximately $66,993 (or €57,752), according to the Financial Times. Almost all of the cryptocurrency wallets linked to these accounts made their bets within a 24-hour timeframe shortly before the first bombs were scheduled to drop. As a result of these wagers, the users behind the wallets reportedly made profits totaling around $330,000, with some estimates from Forbes suggesting that profits could be as high as $1.2 million.
What raises eyebrows is that approximately half of the betting occurred just six hours prior to the alleged attack. Furthermore, 12 out of the 13 accounts placing bets had been created just a week before. This short timeframe of betting before the event has prompted speculation regarding the possibility that these bettors may have had insider information. Matt Saincome, the CEO of financial data provider Unusual Whales, pointed out that when a new wallet makes a substantial bet on a specific question, it inevitably leads to questions about the rationale behind such a gamble.