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⛓️ CryptoπŸ”΄ BearishImportance 7/10

US-Israel Strikes on Iran Trigger $6.5 Million Wipeout on Polymarket

BeInCrypto|Oluwapelumi Adejumo||1 views
πŸ€–AI Summary

Joint U.S. and Israeli military strikes on Iran caused significant market volatility on Polymarket, resulting in $6.5 million in losses. The geopolitical event demonstrates how real-world military actions can trigger massive movements in prediction market platforms.

Key Takeaways
  • β†’U.S.-Israel military strikes on Iran caused $6.5 million in losses on Polymarket prediction markets.
  • β†’Geopolitical events can trigger massive volatility on decentralized prediction platforms.
  • β†’Military actions have direct and immediate impact on crypto-based betting markets.
  • β†’Polymarket users faced significant financial exposure to geopolitical risk events.
  • β†’The incident highlights the interconnection between global politics and crypto markets.
Read Original β†’via BeInCrypto
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