Just hours before U.S – there were a series of strangely timed prediction market bets placed by , which was just hours early. S S. In a new accusation of insider profiteering, Senator Chris Murphy (D-CT) has warned that “people who have been well aware of the military’s might have made money wager in war” following strikes against Iran.
The video posted to X shows White House officials secretly profiting off war, Murphy said ‘The Iran war is fuelling another type of corruption. I think it’s disgusting,’ . We have to ban it as a . , ” and.
He said ‘Those six big accounts that were set up on Friday a million dollars off of us going to war on Saturday looked like they made.
The six suspected insider accounts last week that were identified by Blockchain analytics firm Bubblemaps, collectively earning $1. Polymarket bets 2 million on whether “UU” or “Under – U.S. A , S. Iranian strikes Iran by February 28, 2026?
In the 24 hours after the attack, most of the wallets were funded and purchased “Yes” shares just hours before explosions in Tehran; a person account bought more than 560,000 shares at about 10 minutes. 8 cents later putting out nearly $560,000 when the market settled at $1.
$425 poured from traders for . In the week ending March 1 (4m) into Polymarket’s geopolitics markets, 4 million were added to its weekly geopoltics market compared with $1633 in the weeks following. User-gathered data from Dune Analytics shows 9 million this week, compared with 9million the week before.
The White House and Polymarket did not immediately respond to Decrypt’s requests for comment.
The U.S. is the latest to be criticized for its criticism of prediction markets, as does the backlash against predictions markets come from s? S. Senate rejected a bipartisan war power resolution seeking to limit President Donald Trump’s authority to continue military action in Iran without congressional approval; the vote was 53–47.
In the past, Murphy has indicated that he will introduce legislation banning prediction markets so people can benefit from sensitive government actions.
On X last month, the senator wrote that he is working on legislation to “corrupt and destabilizing prediction markets,” where insiders who know about a given outcome “can bet the game” to favor certain betrays. ” , ‘I’m sure it is worth reading.
Over 150 bets of at least $1,000 correctly predicted an American strike by Saturday were placed in a late surge totaling around $855,000, according to ‘ANew York Times analysis of Polymarket data.
At least 16 of those accounts each ultimately profited by over $100,000, according to the report.
And when we still let people to bet on war and in military strikes, you’re going to have people inside the Situation Room who are making decisions not based upon what is good for national security but a function of whether they’ll earn off of war,” Murphy said Wednesday. That’s a person in that room who is going to push us into war because they can cash in,’ . ‘A ,’ said.
And Murphy, who also cited rising costs for Americans, said “At a time when people are struggling to afford groceries and gas; prices are increasing because of the war; it is “even more ridiculous that there are people inside the White House who are making tons of money. ” , ‘I’m sure it is worth reading.
A civilian and IDF reservist were charged last month by Israeli authorities after they used classified military intelligence to place Polymarket bets ahead of Israel’s operations against Iran.
The market was pulled Tuesday by Polymarket to ask traders whether a nuclear weapon would be detonated this year after it received widespread criticism of the move, which led to an outcry.
Thanks for reading Senator Flags White House Corruption Concerns Over Iran War Predictions Markets
