Newly created Polymarket accounts win big on well-timed Iran ceasefire bets

Customers make hundreds of thousands of dollars as records show substantial bets made before announcement A group of new accounts on the prediction market Polymarket made highly specific, well-timed bets on whether the US and Iran would reach a ceasefire on Tuesday, resulting in hundreds of thousands of dollars in profits for these new customers. These bets were made even though, in the hours before a two-week ceasefire was announced on Tuesday, Donald Trump’s rhetoric had escalated sharply a...

By Associated Press