Polymarket trader made $500,000 betting on a US strike on Iran before it went public
A Polymarket account (reported by multiple outlets as 'Magamyman') made roughly $500,000-515,000 in a single day betting that the U.S. would strike Iran, with the first trade placed reportedly about 71 minutes before the strike became public knowledge. The trade drew public scrutiny from Rep. Mike Levin (D-CA), and separately, Israeli prosecutors have indicted two people (an Israeli Air Force reservist and a civilian) for allegedly using classified military information to place related Polymarket bets on Israeli strikes on Iran.
Exclusive CNN reporting on a trader profiting nearly $1 million with accurate Iran-strike timing.
Independent NPR reporting on a related $553,000 Polymarket trade tied to Iran's supreme leader.
Reports the Israeli indictment of two people for insider Polymarket trading on Iran/Yemen strikes.
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Polymarket rewrote its rules to bar users from trading on contracts where they may hold confidential information or can influence the outcome, after scrutiny of Iran-strike bets; no trader has been charged in the U.S. Source ↗