Six wallets created in February concentrated trades on Polymarket contracts forecasting a U.S. strike on Iran before the end of February, earning roughly $1 million after some buys occurred hours before explosions in Tehran. Analytics firm Bubblemaps said the timing and trade patterns resembled suspected insider activity. Polymarket — which permits anonymous wallet trading — saw about $529 million in strike-related volume (roughly $90 million on the Feb. 28 contract). The report notes past similar allegations, a proposed U.S. bill from Rep. Ritchie Torres to curb insider trading on prediction markets, and that Polymarket faces regulatory blocks in several countries.

Six wallets created in February made nearly all their Polymarket trades predicting a U.S. strike on Iran and earned roughly $1M; some purchases were placed hours before explosions in Tehran. Bubblemaps flagged the timing and patterns as resembling suspected insider activity. Polymarket allows anonymous wallet trading and recorded about $529M in strike-related volume (≈$90M on the Feb. 28 contract). The story also cites past allegations and a proposed bill to curb insider trading, plus regulatory blocks.