Polymarket Users Generate Nearly $1M on Iran Strike Predictions

Six cryptocurrency wallets on Polymarket generated approximately $1 million in profits by betting on US military strikes against Iran before February 28, 2026. The accounts were established and capitalized within a 24-hour window preceding the military action.

Bubblemaps, a blockchain analytics company, identified these suspicious accounts after detecting an unusual timing correlation. The majority of the accounts received funding and executed trades within a day of the actual strikes.

The most profitable account acquired 560,680 affirmative shares at approximately 10.8 cents per unit, investing around $61,000. Upon contract settlement, the position yielded profits exceeding $493,000.