Polymarket investigates suspicious trades in Israeli election

Odaily reports: Prediction market platform Polymarket is investigating a series of precisely timed and highly profitable trades during this week's Israeli election. This is the latest incident to raise external concerns, highlighting the potential risk of insider trading on prediction markets. According to an analysis of Polymarket's trading ledger, shortly before polling stations closed on Tuesday, hundreds of new accounts bet that Netanyahu and his Likud party would defeat their rivals. These trades quickly began to profit. After some exit polls showed that Netanyahu's party won more seats than early reports suggested, some of these accounts had already cashed out a combined total of more than $100,000. (Bloomberg)