"The study analyzed over 210,000 suspicious Polymarket trades, revealing that these trades netted $143 million for the 'informed' traders who made them."
"Ricosuave666's gains closely matched ill-gotten gains attributed to a person charged by Israeli authorities with using military secrets to trade."
"The authors used five criteria relating to trade timing and amounts wagered to screen for accounts that made big, bullish bets shortly before news broke."
"Mitts noted that they generally used the term 'informed' trading rather than 'insider' trading due to the nature of the trades observed."
A Polymarket account named ricosuave666 made significant profits by betting on Israeli military actions against Iran, earning $155,000 before going dormant. Researchers analyzed over 210,000 trades, revealing that suspicious accounts collectively earned $143 million. Ricosuave666's trades were among the most notable, closely aligning with gains attributed to a person charged with trading on military secrets. The study, the first of its kind, assessed trades from 2024 to 2026, using criteria to identify potentially informed trading activities.
Read at www.businessinsider.com
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