Insider Trading Suspected in Prediction Market Wins

0:00On April 9th, a bunch of fresh accounts on the prediction market, Polly Market dropped precise bets on a U.S. Iran ceasefire hitting on April 7th, raking in hundreds of thousands of dollars before the news even dropped. These plays went down Tuesday despite President Trump's heated warnings by threatening a whole civilization if Iran didn't open the straight up. Hormuz by APM, Eastern Time. Blockchain data shows at least 50 new wallets jumping in with big yes bets right before his 630 PM announcement on Truth Social. One wallet created around 10 a.m. Eastern Time through down $72,000 at 8.8 cents per share and cashed out to $100,000 in profit. Another from April 6th, netted $125,500, while a last minute one scored $48,500. Lawmakers like Representative Blake Moore from Utah are calling FOW, saying these look like insider trades from folks with early info, not regular.

1:00Betters. Experts and even platforms like Polly Market and Kalshi agree the industry needs tighter rules on inside info. This echoes past suspicious wins on Polly Market, like bets before Venezuela's Maduro got nabbed in January or Iran military moves, leaving payouts in. Dispute for now and spotlighting how prediction markets could get gained without oversight. That's your update from Global News today, powered by AI.