Polymarket Investigates Suspicious Israeli Election Bets

Polymarket is investigating a series of suspicious, highly profitable trades placed on the Israeli election. A Bloomberg analysis of the platform's blockchain ledger revealed that hundreds of new accounts placed bets on Benjamin Netanyahu and the Likud party immediately before polls closed on Tuesday.

These trades became profitable after exit polls indicated the Likud party won more seats than early reports had suggested. Some of the accounts involved have already cashed out more than $100,000, raising concerns regarding potential insider trading within prediction markets.