Polymarket Exposed: Nearly $200 Million in Bets Over Six Months Show Suspected Insider Trading Characteristics
Odaily Planet Daily News From January to June 2026, approximately $200 million in bets on the Polymarket platform were flagged as exhibiting suspected insider trading patterns, with related transactions 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 trading, with some associated wallets earning about $1.6 million through bets on events related to U.S. military actions. Furthermore, a significant portion of the suspected insider trading funds was deposited via U.S. regulated crypto exchanges, with approximately 71% of traceable funds in Iran-related markets originating from such sources.
Polymarket stated that the platform has strengthened its monitoring mechanisms and has submitted nearly 100 suspicious wallet addresses to law enforcement agencies. (Bloomberg)
