Wallet nets $494K on Polymarket bet on US-Iran strike, sparking insider fears

A wallet created just three days ago has realized a profit of approximately $493,512 on the crypto-based prediction market Polymarket by betting "YES" on a U.S. strike against Iran, Onchain Lens reported. The wallet placed a $60,816 bet on a contract for a strike on Feb. 28 and an additional $3,000 on a March 1 contract. This pattern of securing a large profit from a high-stakes bet in a very short timeframe has led to suspicions that the trade may have been based on insider information.