Nine linked Polymarket accounts rake in $2.4M on Iran-war bets, sparking insider-trading concerns
A 60 Minutes Overtime investigation found nine connected Polymarket accounts profiting roughly $2.4 million on Iran-war related bets with a 98% win rate across more than 80 bets, suggesting possible insider trading in a growing class of prediction markets. Bubblemaps analysts say luck can’t explain the pattern, and the report notes ongoing investigations and enforcement efforts while Polymarket says it flags and acts on suspicious activity and cooperates with authorities. The piece also highlights broader concerns about nonpublic information affecting bets on military outcomes and potential national security implications.
