Suspicious betting on attack on
Photo: Hasan Jamali/AP/TT

Suspicious betting on attack on Iran brought in $529 million ahead of first missiles

When will the US strike? Bets on the Polymarkets platform about when Iran would be attacked brought in $529 million (approximately SEK 5.6 billion) ahead of the first missiles fired at the country on Saturday morning.

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Six specific accounts reportedly made about $1 million betting on an attack on Saturday, Feb. 28, according to analytics firm Bubblemaps. The six accounts were created in February and have only made bets on when the United States would bomb Iran. They made small purchases of shares shortly before the attack that resulted in big profits.

Newly opened accounts - which often have anonymous crypto wallets behind them - that make last-minute, surefire bets are often associated with insider trading.

Similar patterns were also seen with Venezuelan President Nicolás Maduro before he was captured by the US in early January.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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