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⛓️ CryptoπŸ”΄ BearishImportance 7/10Actionable

Suspected insiders make over $1.2 million on Polymarket ahead of U.S. strike on Iran

CoinDesk|Francisco Rodrigues||1 views
πŸ€–AI Summary

Suspected insider traders profited over $1.2 million on Polymarket by betting on U.S. strikes against Iran before they occurred. The strikes subsequently caused Bitcoin prices to decline and oil futures on Hyperliquid to surge due to escalating regional tensions.

Key Takeaways
  • β†’Suspected insiders made over $1.2 million on Polymarket by betting on U.S. strikes on Iran ahead of the events.
  • β†’The strikes led to Bitcoin's price falling as geopolitical tensions increased.
  • β†’Oil futures on Hyperliquid rose significantly following the regional conflict developments.
  • β†’The incident highlights potential insider trading issues on prediction markets.
  • β†’Geopolitical events continue to drive volatility across crypto and commodities markets.
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