Nine Wallets Earned $2.4M With 98% Win Rate on Polymarket Military Bets: Bubblemaps
Cointelegraph
Bubblemaps identified nine wallets that profited $2.4 million from highly accurate bets on military events, raising suspicions of insider trading on Polymarket.Summary
Blockchain analytics firm Bubblemaps has uncovered a cluster of nine wallets that secured $2.4 million in profits with a 98% win rate on Polymarket contracts related to US military operations. These accounts, which were funded via centralized exchanges to obscure their origins, placed highly accurate bets preceding major geopolitical events, such as strikes on Iran. While Bubblemaps lacks definitive proof of insider activity, the pattern suggests the traders held an unfair informational advantage. This revelation has intensified calls for stricter regulations, including the proposed DEATH BETS Act, which aims to prohibit prediction markets from listing contracts involving war, terrorism, or assassination.
(Source：Cointelegraph)