Insider Trading Fears in Prediction Markets

0:00This is Cory, and here's what is making news across Sydney right now. Suspicious bets flooded prediction markets right before the U.S. and Israeli strikes on Iran that took out key leaders. A New York Times review of Polymarket showed 150 mostly new accounts wagering over $850,000 last Friday on a day-prime. Strike by Saturday Similar action hit Kalshi, but they paused trading and refunded bets linked to deaths. Kalshi, regulated by U.S. authorities, acted fast, unlike offshore Polymarket. This echoes earlier bets on Polymarket before the U.S. grabbed Venezuela's Nicolas Maduro in January, where new accounts put down $32,000 and cast out over $400,000 profit on his ouster. Traders and regulators are fuming over possible insider tips, fueling these wins. The platforms exploded during last year's presidential race, nailing Trump's late surge better than polls, with monthly volume jumping from under $100,000,000 to over $13,000,000.

1:03Sports betting giants like Flutter and DraftKings have tanked, losing 60% and nearly 50% of their value as prediction markets. SteelShare Big players now partner them, CNN, Wall Street Journal with platforms, even stock exchanges eyeing binary options. Insider trading fears grow with little oversight, anonymity, and crypto payouts tempting officials. Democrats push to build to stop government bets on influenceable events, where Trump's team and family ties to Polymarket signal lose rules ahead, though states and finance watchdogs may force change. Special thanks to our sponsor for supporting this episode. Press play. Put your head down. The sound is already there. So L.I. SoleyPilo.com. So L.I. SoleyPilo.com.