US-Israel Strikes on Iran Trigger $6.5 Million Wipeout on Polymarket

Military strikes conducted by the US and Israel in Iran resulted in a massive $6.5 million loss for a single trader on the decentralized prediction platform Polymarket, identified by the pseudonym anoin123. This trader had placed substantial wagers against the likelihood of President Donald Trump authorizing direct military intervention. Conversely, other traders profited, with one user, Vivaldi007, realizing a $385,000 gain from anticipating the joint attack. Another wallet, Roeyha2026, turned a $50,000 bet into nearly $100,000 profit, raising concerns about potential insider trading using classified military intelligence. These events highlight the rapid capital shifts tied to geopolitical betting on these platforms, which have been allowed to flourish under the Trump administration's pro-crypto stance, prompting lawmakers like Senator Chris Murphy to draft legislation to curb decentralized betting markets.

(Source：BeInCrypto)