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Polymarket Removes Nuclear Detonation Betting Market Amid Backlash
Polymarket removed its nuclear detonation prediction market amid suspicions of government insider trading and $650,000 in trades, prompting calls for regulatory action.
- Overnight, Polymarket removed the detonation market allowing bets on nuclear strikes by March 31, June 30, or before 2027, with the webpage now stating `This event has been archived.`
- After reports that an anonymous trader profited over $400,000, users on X voiced outrage following suspicious trades after Iran-related strikes and Ali Khamenei's killing.
- Platform data show the 2025 contract recorded more than $1.7 Million in volume while a 2023 contract drew nearly $700,000, and an archived snapshot reported over $650,000 in volume as of Tuesday.
- U.S. regulators are weighing oversight and rules as it remains unclear why Polymarket removed the market or whether users will receive refunds, and a Polymarket spokesperson did not respond.
- Amid ethics concerns, bettors have long speculated on nuclear detonations, but Polymarket removed the market amid scrutiny over government insiders and prior armed-conflict markets.
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22 Articles
22 Articles
The crypto platform allowing to bet money on real events drains millions of dollars since the beginning of the war in Iran.
·Paris, France
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Polymarket and Kalshi’s Iran War Wagers Are Ghoulish — and Troubling
As bad behavior in finance goes, the idea of insiders betting on the US and Israel attacking Iran is about as appalling as it gets. Cashing in on death and destruction across the Middle East — or anywhere else — would be despicable. But beyond the moral dimension, there’s also the issue of national security: Given that handing such information to an enemy would be an act of treason, should risking intelligence leaks through price signals be seen…
·United States
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Total News Sources22
Leaning Left8Leaning Right1Center2Last UpdatedBias Distribution73% Left
Bias Distribution
- 73% of the sources lean Left
73% Left
L 73%
C 18%
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