Suspicious betting patterns on US-Iran ceasefire raise insider trading concerns

Summary

Experts have identified suspicious betting activity on the Polymarket platform where eight newly created accounts placed nearly $70,000 in bets on a US-Iran ceasefire happening before March 31. These accounts, all created around March 21, stand to make nearly $820,000 if the ceasefire occurs. The pattern resembles previous suspicious betting where an account created just before US strikes on Iran in February placed winning bets on those strikes, raising concerns about potential insider knowledge in prediction markets.