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Polymarket Turns to Chainalysis as Insider Trading Concerns Mount | CoinDesk Daily

CoinDesk Podcast Network

CoinDesk

Tech News, Business News, Daily News, News

4.7698 Ratings

🗓️ 1 May 2026

⏱️ 2 minutes

🧾️ Download transcript

Summary

Polymarket faces an insider trading crisis. A nonprofit analyzed 435,000 Polymarket contracts and found longshot bets on military outcomes succeed at rates over 50% — five times higher than other political markets. Eight wallets turned $164,000 into $1.8 million in the hours before the June 2025 Iran strike. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily." - This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Transcript

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0:00.0

Polymarket faces an insider trading crisis and Senators questioned Commerce Secretary Lutnik's ties to tether.

0:10.7

Our research group analyzed more than 435,000 polymarket contracts and $54 billion in platform volume,

0:19.2

finding long-shot bets on military outcomes win over 50%

0:23.1

of the time versus 14% in typical political markets.

0:27.5

The June 2025 Iran strike is the clearest example.

0:30.9

The Pentagon used a decoy aircraft to obscure the operation, yet 19 bets totaling $164,000 were placed in the hours before the strike.

0:40.4

Eight wallets shared $1.8 million in profits.

0:43.8

Polymarket is now partnering with chain aliasis to flag suspicious trades in real time and share

0:49.0

evidence with regulators.

0:50.8

Senate Democrats are questioning Commerce Secretary Howard Lutnik over his financial ties to tether.

0:56.3

Senators Warren and Wyden sent letters asking about reports that a trust tied to Lutnik's

1:01.3

children received a loan from Tether. Lutnik was at the White House for the Genius Act signing

1:06.3

and sits on the president's working group on digital assets. Mara Holdings is buying a 505 megawatt gas power plant in Ohio for roughly $1.5 billion.

1:16.8

Mara plans to build out AI and critical IT infrastructure there starting in 2027.

1:21.6

The deal raises Mara's owned power capacity by about 65% and is expected to add $144 million in annualized EBITA.

1:30.4

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