"Israeli authorities have arrested several people and charged two on suspicion of using classified information to place bets about military operations on the popular prediction market platform Polymarket. Prosecutors say a civilian and a military reservist have been indicted for bribery and obstruction of justice, with an undisclosed number of others also arrested for placing Polymarket wagers based on classified information, according to a statement released Thursday by officials in Tel Aviv."
"Prediction markets have been growing in popularity in recent months. The apps allow people to place high-figure bets on the outcome of future events, whether a basketball game, what phrases President Trump will use at his next press conference, or election results. The charges mark the first publicly known instance of arrests tied to a prediction market bet allegedly made using military secrets."
Israeli authorities arrested several people and charged two suspects for allegedly using classified military information to place bets about military operations on Polymarket. Prosecutors indicted a civilian and a military reservist on bribery and obstruction of justice charges, and an undisclosed number of others were arrested for placing wagers based on classified information. Names and specific bets were not disclosed. Media reports indicate investigators examined Polymarket bets on an Israeli strike on Iran in June 2025 during a 12-day war. Prediction markets allow high-value bets on future events and have raised concerns about insider trading after earlier high-profile trades.
Read at www.npr.org
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