"At least 50 accounts placed substantial yes bets on Polymarket before Trump announced the ceasefire, with one wallet created on Tuesday betting $72,000 and cashing out for $200,000."
"Despite Trump's escalating rhetoric and few signals of a ceasefire, new users on Polymarket profited from well-timed bets, with one wallet earning $125,500."
"The higher price for yes bets may have reflected late efforts by Pakistan to persuade Trump to extend his deadline, indicating market reactions to geopolitical events."
A group of new accounts on Polymarket placed significant bets on a US-Iran ceasefire just hours before it was announced. Despite heightened tensions and Donald Trump's aggressive rhetoric, these accounts profited substantially. Analysis of blockchain data revealed that at least 50 wallets made bets before the ceasefire announcement. One wallet, created on the same day, placed $72,000 in bets and cashed out for $200,000. Another wallet earned $125,500, while a third made $48,500 in profit shortly before the announcement.
Read at www.theguardian.com
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