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Reading: Surprise! Suspected insiders make over $1.2 million on Polymarket by betting on U.S.’s Iran strike
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Bitcoin

Surprise! Suspected insiders make over $1.2 million on Polymarket by betting on U.S.’s Iran strike

Last updated: February 28, 2026 11:50 pm
Published: 2 months ago
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Six Polymarket accounts earned roughly $1.2 million after correctly betting that the U.S. would strike Iran on Feb. 28, according to blockchain analytics firm Bubblemaps.

In a post on X, blockchain analyzer Bubblemaps said most of the wallets were funded within the last 24 hours before the attack and bought “Yes” shares in the “U.S. strikes Iran by February 28, 2026?” market just hours before explosions were reported in Tehran and other cities. The accounts had no activity beyond these predictions.

The attack saw bitcoin’s price drop while oil futures on Hyperliquid rose.

One Polymarket account Bubblemaps pointed to purchased more than 560,000 “Yes” shares at about 10.8 cents each, a position that paid out near $560,000 after the market resolved at $1. Another account bought nearly 150,000 shares at 20 cents, turning a six-figure profit. All six profiles were created in February, according to Polymarket data.

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