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Polymarket faces scrutiny after Bubblemaps and 60 Minutes identified connected accounts that allegedly made $2.4 million from war-related bets with a 98% win rate.
Transcript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Prediction Market Platform
00:04Polly Market is facing scrutiny after digital analytics firm.
00:08Bubble Maps identified nine connected accounts that generated more than $2.4 million
00:13by betting on U.S. military actions tied to the war with Iran, according to a 60 Minutes
00:19investigation. The anonymous accounts placed winning bets tied to key moments in the Iran
00:24conflict, including the first U.S. strikes, the removal of Iran's supreme leader, and
00:30the ceasefire announcement.
00:32Bubble Maps said the accounts posted a 98% win rate across more than 80 bets, including
00:38wagers on U.S. strikes, Iran's supreme leader, and a ceasefire announcement.
00:43Federal investigators are also probing suspicious oil market trades made shortly before Trump
00:48announced very good and productive talks with Iran on March 23rd, which triggered a sharp
00:53drop in oil prices.
00:55Polly Market said it uses AI-powered surveillance and blockchain forensics to detect suspicious
01:00activity.
01:00For all things money, visit Benzinga.com.
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