00:00It's Benzinga, bringing Wall Street to Main Street.
00:02A Polymarket user identified as Magami Man appeared to earn about $515,000 in one day
00:08after placing a wager on a U.S. strike on Iran roughly 71 minutes before the news became public.
00:14In a post on X, Representative Mike Levin posted transaction activity
00:18showing the account entered the market at about 17% implied odds,
00:23turning roughly $87,000 into more than $500,000.
00:27Levin questioned governance at Polymarket and noted Donald Trump Jr. serves on its advisory board
00:32and invested double-digit millions last year.
00:35He said DOJ and CFTC investigations were dropped after Trump took office.
00:39The episode followed Israeli officials reporting that Ayatollah Ali Khamenei died
00:44in an airstrike on his Tehran compound.
00:46For all things money, visit Benzinga.com.
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