Polymarket Reviews Dozens of New Wallets Behind Well-Timed Israel Election Bets: Report
By Unchained
AI summary of the source article
Polymarket is investigating dozens of newly created wallets that placed profitable bets on Israel's election shortly before voting ended. The platform's three main election markets recorded approximately $106.4 million in trading volume.
Key facts
- Polymarket is reviewing newly funded accounts that backed Benjamin Netanyahu and Likud right before polls closed.
- Onchain analytics firm Bubblemaps identified 101 Polymarket accounts funded for the first time on election day.
- Some flagged accounts have cashed out over $100,000, while no trader has been publicly accused of wrongdoing.
Source excerpt · Unchained
Hundreds of new accounts backed Netanyahu and his Likud party shortly before polls closed on Oct. 27, and some have already cashed out over $100,000 combined, according to Bloomberg. The post Polymarket Reviews Dozens of New Wallets Behind Well-Timed Israel Election Bets: Report appeared first on Unchained .