Bettors Make Huge Profits From Suspiciously Timed Wagers on Iran War

Source: Common Dreams

“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.’ One account with the name Magamyman raked in over $515,000 by betting roughly $87,000 that ‘the US strikes Iran by February 28, 2026.'” (03/01/26)

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