Bubblemaps: Nine Polymarket linked accounts bet on the Iraq War, accumulating over $2.4 million in profits with a 98% win rate.

According to Foresight News , blockchain analytics firm Bubblemaps, in conjunction with CBS's "60 Minutes," released an exclusive investigation today revealing that nine interconnected accounts on Polymarket allegedly used insider information to bet on US-Iraq military action, accumulating profits of over $2.4 million with a 98% win rate. The nine wallet addresses have been publicly disclosed in the original post. Bubblemaps started by analyzing markets related to the US-Israeli first attack on Iran on February 28th. They discovered four linked accounts that registered several days before the event and placed large bets at low odds, each profiting approximately $400,000. Further analysis of time and scale linked these accounts to five more, totaling nine accounts almost entirely focused on US military-related markets. Funds flowed from centralized exchanges to a shared wallet network within fixed time windows. These accounts had records of placing bets several days before the February 28th attack, the killing of Khomeini, and the announcement of the US-Iran ceasefire agreement. They also placed a small number of losing bets on February 20th, seemingly to evade tracking. Bubblemaps stated they could not link these accounts to specific entities but emphasized that "luck cannot explain this win rate." This case is far larger than the previously exposed case of U.S. Army Sergeant Gannon Ken Van Dyke, who was indicted by the federal government for profiting approximately $400,000 from insider information about Venezuelan military operations. Former CFTC official Rob Schwartz characterized this type of behavior as "a new form of insider trading." Currently, the CFTC has only one commissioner, limiting its enforcement capabilities.