Insider-style bets on US-Iran ceasefire draw scrutiny on Polymarket

1 min read
Source: The Guardian
Insider-style bets on US-Iran ceasefire draw scrutiny on Polymarket
Photo: The Guardian
TL;DR Summary

Eight new Polymarket accounts placed about $70k on a US-Iran ceasefire, with potential payouts near $820k if a deal is announced by March 31. Analysts say wallet-splitting and timing around recent remarks suggest insider knowledge, a pattern seen in other bets and fueling regulatory questions about prediction markets in warfare. Polymarket's odds have risen from 6% to 24% as scrutiny grows, though settlement requires a public ceasefire acknowledgment by both governments.

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