00:00More than $500 million in bets were placed on the U.S. attacks on Iran, on Polymarket, a so-called
00:06prediction market.
00:08Wait, betting on war? Yes, people online are placing bets on anything, from a U.S. strike on Iran to
00:14the reveal of alien life.
00:16It's part of a fast-growing online trend.
00:19On sites like Polymarket or Kalshi, you can place wagers on geopolitics or celebrity dramas.
00:25Most people trade using fake names and crypto wallets.
00:29And like many forms of gambling, predictive markets are designed to be addictive.
00:34They're gamified and reactive, engineered to trigger the same dopamine hit that keeps us scrolling.
00:40Social media acts as an amplifier.
00:43One of the biggest concerns? Insider trading.
00:46Israeli police are investigating a bet made by user MagaMyMan, who won $430,000 predicting the start of the attacks.
00:55The account has a history of correctly betting on Israeli attacks, so the police want to find out if someone
01:01is using sensitive insider information.
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