Six Polymarket accounts are suspected of insider trading, betting $1 million on a US strike against Iran.

PANews reported on March 1st that, according to Jinshi, analytics firm BubblemapsSA stated that six accounts on the prediction platform Polymarket earned approximately $1 million by betting on a US strike against Iran before February 28th. These accounts were all newly opened in February, and they only placed bets on the timing of a potential US strike. Some of these accounts were bought just hours before the first reports of the explosion in Tehran, with some shares even purchased for about ten cents each.

This betting pattern has raised suspicions of insider trading. Blockchain analysts point out that similar patterns have appeared in other suspected insider trading cases in prediction markets, such as when an insider made huge profits in January when he bet on Venezuelan President Maduro's downfall.