The Economic Times

How a Polymarket trader made $500,000 betting on the death of Irans Ayatollah Ali Khamenei

A mysterious trader on Polymarket earned over $553,000 by betting on Iran's Supreme Leader Ayatollah Ali Khamenei's removal from power. This occurred just before United States and Israeli strikes killed him. The bets, placed by an account named 'Magamyman', have sparked debate about prediction markets and potential insider trading. Lawmakers are calling for bans on such platforms.