Gate News: On April 8, according to Lookonchain monitoring, four suspected insider-trading addresses profited about $663k by betting on a U.S.-Iran ceasefire ahead of April 7. Most of these wallets were created on April 7 and funded; a few hours before the ceasefire news was announced, they bought the “YES” option. Previously, there was no activity history—only a bet on this event—entering at extremely low odds (3.9%).
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Wisconsin Sues Coinbase, Polymarket, Kalshi Over Prediction Markets
Wisconsin filed a lawsuit against five major prediction market platforms—Coinbase, Polymarket, Kalshi, Robinhood, and Crypto.com—claiming their "event contracts" violate state gambling laws and constitute illegal sports betting. Wisconsin Attorney General Josh Kaul argued that labeling these
CryptoFrontier2h ago
U.S. Special Operations Forces Chief Warrant Officer Arrested: Used Classified Intelligence to Bet on Maduro on Polymarket, Profited $400k
The U.S. Department of Justice in the Southern District of New York has indicted U.S. Army Special Forces officer chief Gannon Ken Van Dyke, alleging that he used classified information to bet on Polymarket on the outcome of Maduro’s arrest, earning approximately $409,881 (13 transactions, 2025-12-27 to 2026-1-26). The charges include illegal use of confidential information, theft of nonpublic information, commodity transaction fraud, wire fraud, and illegal money transactions, among others. It is described as the first federal prosecution centered on insider trading and arbitrage with a prediction market, which may affect future regulatory directions.
ChainNewsAbmedia2h ago
Wisconsin sues Kalshi prediction market platform, alleging it may be an unlicensed gambling operation
According to an official press release issued by Wisconsin Attorney General Josh Kaul on April 23, Wisconsin has sued Kalshi in Dane County, alleging that the platform’s prediction market business, which operates in the form of “event contracts,” falls within the legal definition of gambling under Wisconsin law and constitutes an unlicensed gambling activity.
MarketWhisper3h ago
U.S. Army Soldier Arrested for Using Classified Intel to Bet on Maduro's Capture on Polymarket
Gate News message, April 24 — The U.S. Department of Justice has arrested active-duty Army soldier Gannon Ken Van Dyke, 38, on charges of using confidential information to place bets on Polymarket, a prediction market, regarding former Venezuelan President Nicolás Maduro's capture. Van Dyke particip
GateNews4h ago
Account with $4M+ Losses Bets $100K on Denver Nuggets in NBA Playoff Game 3 on Polymarket
Gate News message, April 24 — According to Odaily Seer, an account that has suffered losses exceeding $4 million placed a $100,000 bet on Denver Nuggets to beat Minnesota Timberwolves with a 1.5-point spread at an average entry price of 46 cents on Polymarket, approximately 10 minutes before
GateNews7h ago
