The online betting company Polymarket is facing scrutiny over allegations of insider trading after bettors made more than 500 million dollars by accurately predicting the date (and time) of the first strikes on Iran last Saturday. Some accounts are being suspected of insider trading, particularly as Donald Trump Jr., the son of the U.S. President is also a shareholder in Polymarket, and may be involved.
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Polymarket faces allegations of insider trading after suspicious Iran war bets
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Polymarket, an online betting company, is under scrutiny for allegations of insider trading after bettors accurately predicted the date and time of the first strikes on Iran, with some accounts suspected of having access to non-public information. The company has ties to prominent figures, including Donald Trump Jr., who is a shareholder. The allegations suggest a potential leak of sensitive information related to the Iran war.