Bubblemaps: 9 wallets net $2.4M on military bets with 98% win rate

Nine addresses have profited $2.4 million from bets on U.S. military operations via the prediction market Polymarket, achieving a 98% win rate, according to an analysis by Bubblemaps. Cointelegraph reported that these addresses placed concentrated bets immediately before significant U.S. military actions. Evidence also suggests they intentionally placed small, losing bets to evade detection. Bubblemaps noted that while insider trading cannot be confirmed, it is clear the addresses possessed an unfair informational advantage. Amid growing concerns over potential insider trading on prediction markets, authorities in major countries, including the U.S., are advancing related legislation.