Prediction Markets Profited from U.S.-Israel Strikes on Iran
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Show Notes
Prediction Market Traders Profit from U.S.-Israeli Strikes on Iran, Raising Insider Trading Concerns
Six new accounts on Polymarket made a million dollars by accurately predicting U.S. strikes on Iran by February 28th. This has raised suspicions of insider trading. Additionally, bets on Irans Supreme Leader Ali Khamenei losing his role by late March spiked, which later came true. Critics argue that such markets could encourage harmful events, but Kalshis CEO defends their platform by avoiding direct death markets and implementing rules to prevent profiting from such events.
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