Three traders on Polymarket made a combined profit of $484,575 betting on a US-Iran ceasefire by Tuesday, raising suspicions of insider trading. The bets were placed shortly after the announcement, using newly created wallets.
Three newly created wallets on Polymarket profited a total of $484,575 by betting on a ceasefire agreement between the US and Iran by Tuesday. The bets were placed at probabilities ranging from 2.9% to 10.3%, with the first bets made within 26 hours of the announcement. Blockchain data revealed that these wallets had no prior onchain activity before participating in the betting market. The individual profits from the three wallets were reported as $200,525, $158,600, and $125,450.