EXCLUSIVE: More than 150 Polymarket wallets may have traded on military secrets, research finds
Polymarket has referred dozens of accounts to the US Justice Department for investigation after signs of potential military insider trading emerged. Research suggests more than 150 wallets may have used secret military data to place bets, generating $8 million in earnings. Because the platform settles trades on a blockchain, these wagers are public. ACDC warns that trading on such secrets poses a national security risk by potentially tipping off adversaries about US operations. One US soldier already faces criminal charges related to the activity and is seeking a dismissal.
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- ✓ Polymarket settles trades on a blockchain, making wagers public.
- ✓ More than 150 Polymarket wallets may have used military secrets to place bets.
What changed
Polymarket has now officially referred dozens of suspected insider trading accounts to the DOJ.
Live updates
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Polymarket refers suspected military insider trading cases to Justice Department
Polymarket has referred dozens of accounts to the US Justice Department for investigation after signs of potential military insider trading emerged. Research suggests more than 150 wallets may have used secret military data to place bets, generating $8 million in earnings. Because the platform settles trades on a blockchain, these wagers are public. ACDC warns that trading on such secrets poses a national security risk by potentially tipping off adversaries about US operations. One US soldier already faces criminal charges related to the activity and is seeking a dismissal.
Why it matters
Prediction markets allow users to bet on real-world outcomes, a practice Donald Trump has praised. However, the public nature of blockchain records allows researchers to track suspicious betting patterns. This case highlights the tension between open betting platforms and the protection of classified military intelligence.
What is confirmed
- Polymarket settles trades on a blockchain, making wagers public.
- More than 150 Polymarket wallets may have used military secrets to place bets.
Still unconfirmed
- A senior company official told CNN that Polymarket referred dozens of accounts showing signs of potential military insider trading to the Justice Department.
- Gamblers have earned $8 million betting on military operations.
What to watch next
- DOJ confirmation of the number of accounts under investigation
- The outcome of the US soldier's motion to dismiss criminal charges
confidence 80%Sources used for this update (4)
- consent.yahoo.com — More than 150 Polymarket bets ‘traded on military secrets’
- www.cnn.com — Polymarket referred dozens of possible military insider trading cases to DOJ, source says
- ftw-eu.usatoday.com — Polymarket Referral Code SBWIRE: $20 Bonus for NFL, UFC, Crypto & More (August 2026)
- www.aol.com — US military secrets traded on Polymarket can tip off enemies: Report
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Research suggests 150 Polymarket wallets traded on military secrets
More than 150 Polymarket wallets may have used military secrets to place bets, according to new research. Gamblers have earned $8 million betting on military operations, prompting a research group to call for a formal probe into potential insider trading. The situation has already led to criminal charges against a US soldier, who is currently seeking a dismissal of those charges. ACDC describes insider trading in these risky categories as a matter of national security, while Donald Trump has praised prediction markets.
Why it matters
Prediction markets allow users to bet on the outcome of real-world events using cryptocurrency. When these markets involve classified military information, they create risks for national security and operational secrecy.
What is confirmed
- Gamblers have made $8 million betting on military operations.
- A US soldier faces criminal charges related to Polymarket trades.
Still unconfirmed
- ACDC claims insider trading on military categories is a matter of national security.
What to watch next
- Court ruling on the US soldier's request for dismissal of charges
- Outcome of the research group's call for a formal probe into insider bets
confidence 80%Sources used for this update (8)
- Reuters — EXCLUSIVE: More than 150 Polymarket wallets may have traded on military secrets, research finds
- Seeking Alpha — Research group calls for probe of potential insider bets on military information on Polymarket
- Devdiscourse — Insider Trading in Prediction Markets Raises National Security Concerns
- Benzinga — Trump Praises Prediction Markets As $8M Military Bet Profits Flagged - Intercontinental Exchange (NYSE:IC
- ReadWrite — Prosecutors defend US soldier Polymarket criminal charges
- Cryptopolitan — ACDC: Insider trading on military, risky categories is a matter of national security
- Yahoo — Soldier charged over Polymarket trades seeks dismissal
- Task & Purpose — Gamblers have made $8 million betting on military operations
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