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flag Anonymous users made over $250K on Polymarket betting on U.S.-Israel strikes on Iran before they happened, sparking ethics and regulation concerns.

flag Anonymous users earned over $250,000 on Polymarket by betting on U.S. and Israeli military actions against Iran before strikes occurred, with over 150 accounts placing bets exceeding $1,000. flag The prediction market, which uses cryptocurrency to trade on real-world events, faces growing scrutiny over ethics, potential insider trading, and the commercialization of war. flag U.S. lawmakers and public health experts are calling for restrictions on betting related to military actions, regime change, or deaths, while the platform remains unlicensed in Australia and banned there. flag Despite concerns, Polymarket continues to host over $275 million in active bets globally, operating under lax oversight following the dismantling of crypto regulatory agencies.

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