Polymarket Reviews Dozens of New Wallets Behind Well-Timed Israel Election Bets: Report

Polymarket’s investigators are looking into dozens of recently opened wallets that wagered on Israel’s Oct. 27 election, the company’s investigative team told Bloomberg in a report published Thursday, Oct. 29. Reuters carried a summary of the Bloomberg report later that day. The election drew heavy betting on the platform. Polymarket’s three main markets on the vote, covering which party wins the most seats, Likud’s seat count and the next prime minister, have together logged about $106.4 million in trading volume, according to Unchained’s review of Polymarket’s own market data on Friday. It was not immediately clear how much of that volume came from the flagged wallets.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Unchained.