Israel indicts two for using military intelligence to bet on Polymarket

Israeli prosecutors have indicted a military reservist and a civilian for allegedly using leaked military intelligence to place bets on Polymarket, The Block reported. The reservist is accused of sharing operational information with the civilian during his military service. The civilian then allegedly used this information to bet on Polymarket contracts related to Israel's military actions. Authorities noted that the individuals were not high-ranking government or security officials. The outlet added that this incident highlights the growing controversy over information asymmetry in prediction markets, citing a previous case where bets were placed on Polymarket just before the U.S. attempted to arrest Venezuelan President Nicolás Maduro, which prompted calls for legislation.