A network of seven connected Polymarket wallets netted nearly $1 million betting on US and Israeli military strikes against Iran, winning 93% of five-figure wagers over a two-year stretch, according to a blockchain investigation by Bubblemaps.
Insider Betting: A Game-Changer For Prediction Markets
The accounts placed bets hours before Israeli strikes in October 2024, hours before US airstrikes on Iranian nuclear sites in June 2025, and hours before the joint US-Israeli surprise attack on Feb. 28 that started the current war.
The suspected insider behind the network appears to still be active, having made over $100,000 predicting the February strike alone.
“All of this is strong signaling of insider activity,” Bubblemaps CEO Nick Vaiman told CNN.
Bubblemaps started with a previously flagged account linked to the IDF reservist indicted for using classified intelligence to bet on Polymarket.
On-chain analysis traced connections to six more wallets. All traded the same …
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