Mysterious Accounts Accused of Insider Trading on Polymarket, Kalshi Ahead of Iran Strikes

A surge of capital flowed into prediction markets like Polymarket and Kalshi, as well as decentralized exchanges such as Hyperliquid, over the past weekend. Investors sought to hedge or speculate on the potential aftermath of anticipated strikes by the United States and Israel against Iran. This influx of funds, however, quickly ignited controversy.

On Saturday, allegations surfaced on social media platform X, accusing certain insiders of exploiting advance knowledge of potential military actions for substantial profits on prediction markets. In response to media inquiries, a White House spokesperson stated, "The only special interest guiding the Trump administration's decision-making is the greatest interest of the American people."

Meanwhile, crackdowns on insider betting related to international conflicts have already commenced in various regions globally.

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