Crypto
Polymarket faces insider trading controversy after $1 million profit on Iran strike bet
Six traders on prediction-market platform Polymarket made about $1 million by betting the United States would strike Iran by late February, sparking an insider-trading controversy, Cointelegraph reported. Bubblemaps said the traders created new wallets in February and focused activity on strike-timing contracts. More than $529 million was wagered on related contracts. U.S. Representative Ritchie Torres is preparing legislation to curb insider trading in prediction markets.
