Trader loses $6.5M on Polymarket after betting against Iran strike

A Polymarket prediction market participant, identified as anoin123, lost approximately $6.5 million in a single day after an airstrike on Iran invalidated a long-held bet, Lookonchain reported. The trader had previously accumulated over $2 million in profits over the past two months by consistently betting that the U.S. and Israel would not attack Iran. The sudden reversal turned the trader's position from a profit of over $2 million to a loss of more than $4.5 million.