Polymarket's Iran war betting market reaches $529 million, new registered wallets attract attention
As bombs from the United States and Israel fell on Iran this weekend, bettors on Polymarket are cashing in their chips—contracts linked to the timing of the attacks have traded for $529 million on the platform. Almost simultaneously, blockchain detectives began searching for unusual patterns in recent bets. According to data from analytics firm Bubblemaps SA, six accounts on Polymarket made approximately $1 million in profit by betting on a U.S. strike against Iran before February 28
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