Anonymous bets hours before attacks on Iran that killed Supreme Leader Khamenei have raised concerns of insider trading.
Over the weekend, a Polymarket user known as “Magamyman” reportedly made more than $500,000 in a single day with a bet on US–Israel strikes that Iran’s supreme leader, Ayatollah Ali Khamenei, would be out of power, raising concerns of insider trading. Mike Levin, a Democratic
representative from California, highlighted on the social media platform X that this user bought in on the position when the probability of a strike was at 17 percent and with the first trade placed 71 minutes before the news broke publicly.
Other users named “Planktonbet,” “Dicedicedice,” and “nothingeverhappens911” also placed bets within 24 hours of the strike on the potential of a US strike, according to data compiled by
analytics firm Bubblemap. All accounts were opened in February and exclusively placed bets on Iran.
This echoes past incidents that spooked lawmakers amid concerns of profiteering from war and of potential
insider trading.