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Gamblers made up to $200,000 each in suspicious bets on Iran truce just hours before Trump's announcement
Daily Mail —
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New Polymarket accounts make huge profits from well-timed ceasefire bets
The Independent —
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Newly created Polymarket accounts win big on well-timed Iran ceasefire bets
The Guardian —
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New Polymarket accounts bet big on U.S.-Iran ceasefire hours before Trump announcement
CTV News —
Polymarket accounts win on truce bets
The suspicious betting activity involved highly specific wagers on whether a truce would be reached by a certain deadline, despite a lack of public indicators that a deal was imminent.
Some individual accounts reportedly made profits exceeding $200,000, prompting calls for regulators to investigate the unusual trading patterns.
Prediction markets have become increasingly popular for hedging against geopolitical risks, but this incident highlights the challenges of maintaining market integrity during sensitive international negotiations.
While Polymarket has not commented on the specific accounts, the event has sparked a broader debate about the professionalization and regulation of such platforms.