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Israeli Reservist Charged for Betting on Military Operations

On Thursday, the Tel Aviv District Court unsealed an indictment charging an Israeli citizen and an Israel Defense Forces reservist with allegedly using classified military information to place bets on Polymarket.
Authorities began investigating after suspicions that a defense insider used classified information on Polymarket, with bets placed in June 2025, as reported in late January by Kan 11.
The military said no operational damage resulted but described it as a severe ethical failure; Polymarket, founded in 2020, hosts markets including one expiring March 2026 with over $1.4 million and a $239 million US strike market.
A joint Shin Bet internal security service, Malmab security unit and Israel Police operation recently arrested suspects, and the State Attorney's Office filed charges while the accused remain in custody.
Analysts warn prediction markets are vulnerable to insider misuse, with Polymarket facing US regulatory scrutiny and the CFTC fining it for operating improperly.

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