Prediction Markets Draw Scrutiny Over Iran Bets: “Insider Trading in Broad Daylight,” Senator Says

Scrutiny escalated after Bubblemaps, a blockchain analytics firm, posted on X that “six suspected insiders made $1.2M betting on a U.S. strike on Iran.” Bubblemaps said traders bet “yes” hours before the strike. One user bet $26,000 and won more than $200,000, according to the Wall Street Journal.