Fresh accounts netted $1 million on Polymarket hours before US airstrikes on Iran: Bubblemaps

Onchain analytics firm Bubblemaps identified six Polymarket wallets that collectively profited approximately $989,191 by betting on a U.S. military strike against Iran, with most accounts being created and funded shortly before the coordinated airstrikes occurred early Saturday morning. The largest wallet in the cluster made a net profit of $494,375 on the relevant contract, which resolved to "yes." Bubblemaps CEO Nicolas Vaiman suggested these were "suspected insiders" due to the timing and funding patterns, though he noted certainty is difficult. This incident highlights a growing pattern of suspected insider trading on Polymarket's geopolitical markets, following similar large profits made on contracts related to Venezuelan politics and Israeli military intelligence. Polymarket faces increasing regulatory scrutiny, although its CEO has defended informed traders as beneficial for price discovery, while rivals like Kalshi emphasize adherence to traditional insider trading rules.

(Source：The Block)