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Breaking: Decrypt: $2.4 Million in Suspect Wagers on Iran Military Actions Raise Insider Trading Concerns

created: May 18, 2026, 07:24 PM
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A group of nine interlinked Polymarket accounts has reportedly won $2.4 million by betting on U.S. military actions in Iran, achieving a 98% success rate. Analysts suspect these accounts may be involved in insider trading due to their well-timed bets.

The accounts were created just days before the U.S. began its military operations in Iran in late February. According to an investigation by Bubblemaps, the anonymous users have only lost money on a few occasions, with losses amounting to small sums that may have been intended to mislead investigators.