Several accounts on the online platform Polymarket laid bets on a US-Iran ceasefire over the weekend that appeared to show signs of insider knowledge, according to experts.
Eight accounts, all newly created around 21 March, bet a total of nearly $70,000 (£52,000) on there being a ceasefire. They stand to make nearly $820,000 if such a deal is reached before 31 March.
An account that made the same bet was created shortly before the US struck Iran on 28 February. It also placed a winning bet on those strikes, which raised similar questions around insider trading, and so far has bet on nothing else.
The new accounts all appear to have been created late last week, around the time when the US president, Donald Trump, appeared to first double down on war with Iran, then suggest in an after-markets Truth Social post that he was considering “winding down” military operations.
The wallets “definitely [look like] someone with some degree of inside info”, said Ben Yorke, formerly a researcher with CoinTelegraph, now building an AI trading platform called Starchild
_LV426 on
Taco Tuesday
tacticaldodo on
Insider trading is a crime and Justice has the means to bring down the hammer
Edit : I commented after reading an article on ‚$800 million in trades made on oil prices‘ and somehow merged them in my head. The point still stand, it is illegal and fit the broad definition of insider trading
Honesty_Addict on
Genuine question, why doesn’t everyone just bet how these obvious insiders bet?
Pristine_Carpet_1440 on
At what point did it become normalised to gamble on the outcome of a war.
Ffs.
What hope do we have as a species at this point. The trajectory is not promising.
MaxRD on
Betting on wars, ceasefires and military strikes… what a time to be alive!
szansky on
This is not smart it’s information advantage and regular people will always be late because the market prices it in before you even see the news
Smooth_Discount3602 on
Team taco or team tafu
Difficult-Coffee-219 on
Andy in other news, combover Caligula is fat, hairless and orange.
Ok-Bar601 on
Hmm yes quite the revelation😏
blumpkin_breakfast on
I’m sure this will be swiftly investigated and the perpetrators brought to justice
Zanna-K on
Trump emailed a fucking FLIER advertising a social club where national security briefings would be given to donors.
CasimirGabriev on
Whoa now its not like this admin regularly abuses insider trading or market manipulation tactics
Oh wait
barrel-boy on
I’m going to bet my left nut no one gets busted
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Several accounts on the online platform Polymarket laid bets on a US-Iran ceasefire over the weekend that appeared to show signs of insider knowledge, according to experts.
Eight accounts, all newly created around 21 March, bet a total of nearly $70,000 (£52,000) on there being a ceasefire. They stand to make nearly $820,000 if such a deal is reached before 31 March.
An account that made the same bet was created shortly before the US struck Iran on 28 February. It also placed a winning bet on those strikes, which raised similar questions around insider trading, and so far has bet on nothing else.
The new accounts all appear to have been created late last week, around the time when the US president, Donald Trump, appeared to first double down on war with Iran, then suggest in an after-markets Truth Social post that he was considering “winding down” military operations.
The wallets “definitely [look like] someone with some degree of inside info”, said Ben Yorke, formerly a researcher with CoinTelegraph, now building an AI trading platform called Starchild
Taco Tuesday
Insider trading is a crime and Justice has the means to bring down the hammer
Edit : I commented after reading an article on ‚$800 million in trades made on oil prices‘ and somehow merged them in my head. The point still stand, it is illegal and fit the broad definition of insider trading
Genuine question, why doesn’t everyone just bet how these obvious insiders bet?
At what point did it become normalised to gamble on the outcome of a war.
Ffs.
What hope do we have as a species at this point. The trajectory is not promising.
Betting on wars, ceasefires and military strikes… what a time to be alive!
This is not smart it’s information advantage and regular people will always be late because the market prices it in before you even see the news
Team taco or team tafu
Andy in other news, combover Caligula is fat, hairless and orange.
Hmm yes quite the revelation😏
I’m sure this will be swiftly investigated and the perpetrators brought to justice
Trump emailed a fucking FLIER advertising a social club where national security briefings would be given to donors.
Whoa now its not like this admin regularly abuses insider trading or market manipulation tactics
Oh wait
I’m going to bet my left nut no one gets busted