Polymarket sees approximately $200 million in bets suspected of insider trading within six months

According to Odaily, from January to June 2026, approximately $200 million in bets on the Polymarket platform were flagged as exhibiting characteristics of suspected insider trading. The related transactions were primarily concentrated on geopolitical events such as the Iran war and the situation in Venezuela.

Data shows that 57% of profitable wallets were created within 24 hours before the trades, with some associated wallets profiting about $1.6 million from bets on events related to US military actions. Furthermore, a significant amount of the funds suspected of being used for insider trading was deposited via regulated US crypto exchanges. In markets related to Iran, approximately 71% of traceable funds originated from US-regulated crypto exchanges.

Polymarket stated that the platform has strengthened its monitoring mechanisms and has submitted nearly 100 suspicious wallet addresses to law enforcement agencies. (Bloomberg)