Polymarket accounts net $2.4M on Iran bets with 98% win rate, raising insider trading suspicions

On-chain analytics firm Bubblemaps has identified nine Polymarket accounts that accurately predicted U.S. military actions related to Iran, Decrypt reported. The accounts collectively earned approximately $2.4 million by betting on events such as the timing of a U.S. airstrike, a ceasefire announcement, and the potential ouster of Supreme Leader Ali Khamenei, achieving a 98% win rate. Bubblemaps suggested the accounts appeared to be acting in an organized manner and may have used inside information, speculating they have ties to the U.S. Polymarket did not respond to a request for comment on the matter, according to the report.