3 Polymarket traders made a timely bet on a US-Iran ceasefire

Lookonchain noted that the “yes” bets were placed at probabilities between 2.9% and 10.3%, with the three wallets placing their first bets within 26 hours of the announcement.

Three newly created wallets profited a combined $484,575 on Polymarket betting that the US and Iran would agree to a ceasefire by Tuesday, in the latest event to raise suspicion of insider trading.

The wallets were created and funded on Tuesday and had no prior activity before betting on Polymarket’s “US x Iran ceasefire by April 7” market, blockchain data shared by Lookonchain found on Wednesday. 

Polymarket data shows the profits secured by the three wallets were $200,525, $158,600 and $125,450 at the time of writing. 

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