Israeli Reservist Indicted For Using Classified Intel To Bet On Polymarket

An Israeli Defense Forces reservist and a civilian have been indicted for allegedly using classified intelligence about Israel’s April 2024 retaliatory strikes on Iran to place bets on Polymarket. The Alleged Scheme The pair allegedly profited by betting on the timing and outcomes of the military operation using non-public information they accessed weeks before the strikes occurred. Prosecutors are calling them “severe offenses” in what appears to be the first criminal case of insider trading on predict ...