150-Plus Polymarket Accounts Flagged as Betting With ‘Sensitive National Security Information,’ CNN Reports
A report found more than 150 wallets with a 97% win rate and more than $8 million in profits, prompting referrals and criminal investigations.
- Polymarket referred dozens of accounts to the Justice Department for investigation regarding potential insider trading on military and geopolitical betting markets.
- The Anti-Corruption Data Collective identified 152 accounts that profited about $8 million on war markets, including Iran-related bets, with a 97.2% success rate on high-stakes wagers.
- Federal prosecutors charged U.S. Army Special Forces soldier Gannon Ken Van Dyke earlier this year for allegedly using classified information to place bets on Venezuelan operations.
- Polymarket CEO Shayne Coplan stated the company invests in proprietary surveillance software to prevent illicit activity, though war markets are illegal in the United States.
- A bipartisan coalition on Capitol Hill is pushing for stricter regulation of prediction markets, with both Democrats and Republicans increasingly seeking industry reforms.
11 Articles
11 Articles
By Marshall Cohen, CNN The site of predictions Polymarket sent dozens of accounts showing indications of possible use of military insider information to the Department of Justice for its investigation, a senior company official told CNN. The referrals, which had not been disclosed previously, were related to accounts identified by a surveillance group in a report published on Thursday, but were made prior to the publication of the report.
Trump’s own military placing bets on an Iran win: report
CNN reports President Donald Trump’s own servicemembers appear to be hedging their bets against the United States in Trump’s war on Iran.Marshall Cohen, CNN senior reporter, spoke with CNN anchor Wolf Blitzer on Friday to discuss the revelation that roughly 150 Polymarket accounts appear to be U.S. military insiders, some with clear access to sensitive military information.The prediction site Polymarket outed dozens of accounts that showed signs…
Polymarket flags dozens of military insider trading cases to DOJ: Report
Prediction market Polymarket flagged dozens of accounts displaying signs of insider trading on military operations to the Justice Department, a move that comes as the company faces scrutiny over traders profiting from bets tied to classified or tightly held U.S. military operations. The referrals involved accounts later identified by watchdog group Anti-Corruption Data Collective, which analyzed publicly available Polymarket trading data, CNN re…
150-Plus Polymarket Accounts Flagged as Betting With ‘Sensitive National Security Information,’ CNN Reports
CNN senior reporter Marshall Cohen joined anchor Wolf Blitzer on Friday to discuss new findings that some 150 Polymarket accounts appear to be U.S. military insiders, some with apparent access to sensitive military information. Blitzer began the segment, “Happening now, a new report is raising serious alarm bells over findings that suggest U.S. military insiders potentially use privileged information to place bets on Polymarket and could be expo…
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