Six Polymarket accounts suspected of insider trading, betting on US sanctions against Iran, profit of $1 million

PANews March 1 News, according to Jin10 reports, analysis firm BubblemapsSA states that six accounts on the prediction platform Polymarket bet on the U.S. taking action against Iran before February 28, earning approximately $1 million in profit. These accounts were all newly created in February and only placed bets on the potential U.S. strike timing. Some of these shares were purchased just a few hours before reports of explosions in Tehran, with some bought at prices as low as a dime per share.

This betting pattern has raised suspicions of insider trading. Blockchain analysts pointed out that similar patterns have appeared in other suspected insider trading cases in prediction markets, such as a previous insider who made huge profits betting on the ousting of Venezuelan President Maduro in January.