Users of the Polymarket prediction market have bet tens of millions on the potential timeline for a US strike on Iran, with odds pointing to a winter or spring strike. Speculation continues as millions are also wagered on the potential removal of Supreme Leader Ali Khamenei by June 30.

Polymarket allows users to fund event contracts using cryptocurrency, debit or credit cards, and bank transfers. The commercial use of prediction markets has surged, with people placing bets on an expanding list of future events. However, allegations of manipulation and insider trading have surfaced, raising concerns about the platform’s integrity.

Recent reports suggest potential insider trading on the Polymarket platform, with a trader placing bids just hours before a surprise raid by US President Donald Trump. This has fueled online speculation, highlighting concerns about the transparency and credibility of the platform. The surge in betting on Polymarket showcases the growing popularity of prediction markets, but the allegations of manipulation and insider trading pose serious challenges to the platform’s reputation. If not addressed, these issues could impact the growth and acceptance of similar platforms in the long run.

Read more at Yahoo Finance: Polymarket Wagerers Predict US Strike on Iran by End of June