'Insane This Is Legal': Bettors Make Huge Profits From Suspiciously Timed Wagers on Iran War

"Bettors on the prediction platform Polymarket made a killing with suspiciously timed wagers that the United States would attack Iran by February 28, the day President Donald Trump announced a bombing campaign against the Middle East nation."

"Bloomberg reported that six accounts on Polymarket, all newly created this month, 'made around $1 million in profit' by betting on the timing of the US attack on Iran. The accounts, according to Bloomberg, 'had only ever placed bets on when US strikes might occur,' and 'some of their shares were purchased, in some cases at roughly a dime apiece, hours before the first explosions were reported in Tehran.' "

“ 'Reminder that Donald Trump Jr. sits on Polymarket’s advisory board and his firm invested double-digit millions into the platform last year,' Levin wrote, referring to the president’s eldest son. 'The [Justice Department] and [Commodity Futures Trading Commission] both had active investigations into Polymarket that were dropped after Trump took office.' "

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https://www.commondreams.org/news/insane-this-is-legal-bettors-make-huge-profits-from-suspiciously-timed-wagers-on-iran-war