"An Israeli military reservist and a civilian were charged with placing bets on the online betting site Polymarket regarding the timing of military operations, based on classified information the reservist had accessed by virtue of his military duties."
"Sixteen days after the bet was made, on February 28, the United States and Israel launched coordinated strikes against Iran under what the Pentagon designated Operation Epic Fury."
"Before the first explosions were reported in Tehran, on-chain analytics firm Bubblemaps had already flagged six wallets that walked away with roughly $1 million in combined profit on the Polymarket contract 'US strikes Iran by February 28, 2026?'"
Master Sgt. Gannon Ken Van Dyke is scheduled for arraignment in New York on charges of wire fraud, conspiracy, and misuse of national defense information. In a separate case, an Israeli military reservist and a civilian were indicted for using classified information to place bets on military operations via a cryptocurrency prediction market. This case is believed to be the first involving classified intelligence used for trading in a combat context, with significant profits made shortly before coordinated military strikes against Iran.
Read at The Cipher Brief
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