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Insider Trading Suspected in Prediction Markets

Published 1 week, 4 days ago
Description

New wallets on Polymarket made massive profits by betting on a US-Iran ceasefire just before the announcement, raising suspicions of insider trading. Utah Rep Blake Moore is pushing for regulations due to similar incidents in the past. The ceasefire market is currently in dispute mode, and platforms admit the need for expanded insider rules. Blockchains anonymity fuels calls for oversight to prevent future exploitation.

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