.jpg){kind=avatar}
Ahead of the US strike on Iran, 12 newly created wallets placed about $67k in bets on Polymarket predicting an imminent attack. The accounts ultimately generated roughly $330k in profits, raising concerns that anonymous crypto-based prediction markets could allow insiders to profit from sensitive geopolitical information.
“If a new wallet makes a very large bet on a single issue, you have to wonder why they’re doing that. We do see people do that who are wrong . . . but it makes you think, perhaps that’s an insider.
https://www.ft.com/content/2883d3d4-aea2-4984-b994-4640593eed55
More posts by Cristobal de Atucha
Recent posts from News by FinTech Collective
