Newly created Polymarket accounts win big on well-timed Iran ceasefire bets

Customers make hundreds of thousands of dollars as records show substantial bets made before announcement A group of new accounts on the prediction market Polymarket made highly specific, well-timed bets on whether the US and Iran would reach a ceasefire on Tuesday, resulting in hundreds of thousands of dollars in profits for these new customers. These bets were made even though, in the hours before a two-week ceasefire was announced on Tuesday, Donald Trump’s rhetoric had escalated sharply and there were few signals that a ceasefire deal was imminent. Early in the day Trump had issued a warning on social media that “a whole civilization will die tonight” if Iran did not meet his demand to open the Ssrait of Hormuz by his 8pm ET deadline. Continue reading...