Unusual trades in oil futures and prediction markets yielded $7 billion before undisclosed Iran-US developments, sparking insider trading concerns.
Traders accumulated $7 billion in profits from oil futures and digital prediction markets by anticipating Iran-US military and diplomatic shifts minutes before public announcements. The wagers, linked to newly created accounts, achieved a 93% win rate on Iran-related events, raising insider trading suspicions.
Initial reports suggested over $1 billion in suspicious activity, but final figures reveal a far larger scale. Most accounts traded exclusively on Iran-specific developments, with no prior activity or diversification, amplifying regulatory scrutiny.
Authorities have not confirmed investigations, but the timing and precision of the trades have drawn attention from global market watchdogs.