Israeli authorities have arrested two individuals for using classified information to make bets on the Polymarket prediction market regarding Israel striking Iran. The Defense Ministry, Shin Bet, and police jointly announced that a military reservist and a civilian were charged for security offenses, bribery, and obstruction of justice. One bettor recently won $400,000 in a Polymarket bet on Maduro’s ouster. The Polymarket user “ricosuave666” placed multiple bets on Israel’s military actions in Iran, earning over $152,300. Insider knowledge in prediction markets poses security risks, undermining market integrity and public trust. Israel’s Ministry of Defense warned that using secret information for bets endangers national security. A lawyer representing the reservist claimed the indictment is flawed, with charges of harming national security dropped.

Read more at Cointelegraph: Israel Arrests Two Over Polymarket Trades on Iran Strikes