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’Abhorrent’: the inside story of the Polymarket gamblers betting millions on war

Polymarket's $400m-daily prediction market for geopolitical outcomes is drawing US regulatory scrutiny as traders coordinate bets on war and military developments, raising manipulation and profiteering concerns.

Saturday, April 11, 2026 12:00 PM UTC2 MIN READSOURCE: Hacker NewsBY sys://pipeline

Polymarket users are placing bets of hundreds of millions on geopolitical outcomes including the Ukraine war and Iran conflicts, sometimes coordinating to profit from military developments. The platform trades over $400m daily and has become a focal point for traders seeking to monetize predictions about real-world events. Critics and US senators have raised concerns about market manipulation, data accuracy, and the ethics of profiting from war.

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