As US and Israeli bombs fell on Iran this weekend, bettors on Polymarket — where $529 million was traded on contracts tied to the timing of the strikes — were cashing in. Almost immediately, blockchain sleuths began hunting for unusual patterns in recent bets.
Six accounts on Polymarket made around $1 million in profit by betting on the US to strike Iran by Feb. 28, according to analytics firm Bubblemaps SA. The accounts were all freshly created in February and had only ever placed bets on when US strikes might occur. Some of their shares were purchased, in some cases at roughly a dime apiece, hours before the first explosions were reported in Tehran.
Who owns these betting markets? Where is their infrastructure set up? How do we not have politicians chomping at the bit to unmask these obvious corrupt war profiteering schemes?
As I write this, the sad realization washes over me that it’s likely the same reason why no one is really truly pushing to prosecute those in the Epstein files.
ReallyOrdinaryMan on
Anyone betting in presidential decisions are dumb. Its like betting against Trump, about when he will sneeze.
_AnecdotalEvidence_ on
Isn’t crypto all about no regulation and decoupling from regulated currencies? Don’t be mad you’re not in on the grift!
6M66 on
Another scam coins market
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From Bloomberg News reporter Emily Nicolle
As US and Israeli bombs fell on Iran this weekend, bettors on Polymarket — where $529 million was traded on contracts tied to the timing of the strikes — were cashing in. Almost immediately, blockchain sleuths began hunting for unusual patterns in recent bets.
Six accounts on Polymarket made around $1 million in profit by betting on the US to strike Iran by Feb. 28, according to analytics firm Bubblemaps SA. The accounts were all freshly created in February and had only ever placed bets on when US strikes might occur. Some of their shares were purchased, in some cases at roughly a dime apiece, hours before the first explosions were reported in Tehran.
[Read more here.](https://www.bloomberg.com/news/articles/2026-02-28/polymarket-iran-bets-hit-529-million-as-new-wallets-draw-notice)
Gross
Who owns these betting markets? Where is their infrastructure set up? How do we not have politicians chomping at the bit to unmask these obvious corrupt war profiteering schemes?
As I write this, the sad realization washes over me that it’s likely the same reason why no one is really truly pushing to prosecute those in the Epstein files.
Anyone betting in presidential decisions are dumb. Its like betting against Trump, about when he will sneeze.
Isn’t crypto all about no regulation and decoupling from regulated currencies? Don’t be mad you’re not in on the grift!
Another scam coins market