Everything is gambling now: the latest news on prediction markets like Polymarket and Kalshi
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Every time there’s a major event, it seems like some people head to Polymarket to make a quick buck at just the right time. It happened with the Super Bowl, with Nicolás Maduro, and now with Iran. In total, over $529 million was traded related to the timing of the strikes, but according to Bloomberg:
Six accounts on Polymarket made around $1 million in profit by betting on the US to strike Iran by Feb. 28, according to analytics firm Bubblemaps SA. The accounts were all freshly created in February and had only ever placed bets on when US strikes might occur. Some of their shares were purchased, in some cases at roughly a dime apiece, hours before the first explosions were reported in Tehran.
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