
New Accounts Score Big on Iran Ceasefire Bet
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New accounts on Polymarket score big with U.S.-Iran ceasefire bets, sparking insider trading concerns
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Canada News Today | 2 Min News | The Daily News Now! — New Accounts Score Big on Iran Ceasefire Bet. Machine-transcribed; use the interactive transcript above to jump the player to any line.
It's April 8th. I'm Corey with The Story. This is Canada News today, driven by AI. A bunch of fresh accounts on the prediction market. Polymarket dropped big bets on a US Iran ceasefire hitting on April 7th and they walked away with hundreds of thousands in profits. These wallets timed it perfectly. Going all in on yes shares right before President Trump announced the two-week deal around 6.30 PM Eastern. Time. Despite Trump ramping up the heat earlier that day with a social media warning about a civilization dying if Iran did not open the Shred of Formues by. APM, at least 50 new accounts piled in heavy. One created around 10 a.m. Eastern through down about $72,000 at 8.8 cents per share and cashed out over 200,000 in gains. Traders are buzzing about possible insider info since these were first time bets from brand new wallets and some expected Trump to pull back like before. Meanwhile, others scored big two.
One made $125,500 profit. Another around $48,500, but payouts aren't hold because Polymarket marked the contract disputed. Iran still restricted ships and attacks kept going. This is not the first time new accounts nailed huge wins on Polymarket, like bets before Venezuela snagged Nicolas Maduro in January or other Iran, military moves. Experts like Georgia State Professor Todd Phillips say it screams for rules on insider trading to keep things fair. Blockchain hides who is behind these wallets and Polymarket stay quiet on questions, so the mystery lingers as they sort the dispute in the next 48 hours or so.
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