Polymarket Is Investigating Suspicious Trades on Israel's Election

October 29 — According to Bloomberg, Polymarket is investigating a series of precisely timed and highly profitable trades that took place around Israel's election this week. Based on Bloomberg's analysis of Polymarket's blockchain ledger, hundreds of new accounts placed bets shortly before voting was set to close on Tuesday, wagering that Benjamin Netanyahu and his Likud party would outperform their rivals. Subsequently, some exit polls showed that Netanyahu's party had won more seats than previously reported expectations; those trades quickly turned profitable, with some accounts having already cashed out more than $100,000.