Polymarket Profits: Betting on Wars

0:00Sydney's story is making news on March 11th. Anonymous gamblers on the prediction platform Polymarket have made millions betting on the exact timing of U.S. and Israeli strikes on Iran. One new account raked in over $250,000 from wagers like Ayatollah Ali Kamenei, not leading Iran past February 28th. The site lets users trade cryptocurrency on real-world events and has become hugely popular for Middle East conflict bets. It's already banned in Australia as unlicensed gambling, and now over $275 million are wagered on its geopolitics markets. Alone, U.S. senators and experts are outraged, saying it turns human suffering into profit. Democratic Senator Chris Murphy accused the Trump administration of insider trading with classified info, calling it a new kind of corruption. More than 150 accounts bet over $1,000 each correctly just before the strikes raising lead concerns. The platform has ties to Donald Trump Jr. through his investments amid lighter crypto oversight.

1:03Lawmakers like Murphy and Congressman Mike Levin are pushing a bill to ban bets on military actions, regime changes, or deaths. Polymarket pulled a nuclear detonation market after backlash, but keeps Iran wagers live. This episode of Supported by Our Sponsor, see details in the description. Layback, press play, let the pillow do the rest. Sound meets comfort, S-O-L-I, solelypillow.com.