(AsiaGameHub) – Fresh information has come to light regarding the case of Israeli military members accused of utilizing confidential knowledge to trade on conflict-based markets via Polymarket.
Last month, Israel disclosed the indictment of two people, a military reservist and a civilian. A court-imposed gag order had initially restricted details of the case, but it was partially revoked on Thursday night after a request from multiple media organizations.
The men are accused of having placed bets on the timing of Israeli military strikes on Iran in June 2025.
As per the indictment, the reservist was informed about the operation during a secret briefing a day before its commencement on June 13 and subsequently alerted his friend. The friend then leveraged this advance knowledge to make bets on Polymarket.
The officer is also alleged to have sent a subsequent WhatsApp message immediately prior to the attack, writing, “It’s starting.”
Alleged Polymarket Account Flagged Online
While the defendants’ identities are still withheld, a suspected Polymarket account has been identified online.
In January, PredictFolio, a trading tracker associated with Polymarket, stated on X that an account which profited from the strikes the previous year had resumed trading activity.
The account was later renamed to rundeep. The user supposedly altered the account name due to concerns about being discovered.
PredictFolio asserts that the details revealed this week indicate this specific account was responsible for the purported insider trading.
The numbers align. The Times of Israel reported that the two men earned $162,663 from the wager, which they decided to share equally. This amount corresponds to the most profitable bet on the rundeep account.
Prosecutors state that details about the timing of the strikes were also shared with five other friends.
The officer faces further accusations of leaking information about an Israeli strike in Yemen, allowing his friend to place another winning bet valued at approximately $5,000. This transaction is not visible in rundeep’s trading record, suggesting other accounts may have been utilized.
Other Accounts Flagged as Suspicious
The rundeep account recorded just one unsuccessful bet. The user forecasted a US strike on Iran in June of the previous year, leading to a loss of nearly $3,000.
Other traders secured significant profits by betting on the US strike last month. Israel reported it is probing insider trading suspicions related to six accounts that collectively made $1.2 million.
Sen. Chris Murphy alleged the President’s involvement, posting on X, “People around Trump are profiting off war and death.”
There is no confirmed connection between the accounts under scrutiny and either Trump or Israeli military staff. The reservist had already been indicted by this point, making his involvement in this particular scandal improbable.
US Lawmakers Propose Banning Select Markets
Murphy subsequently proposed the BETS OFF Act, designed to ban betting on governmental actions, terrorism, war, assassination, and other scenarios where an individual possesses foreknowledge or total control over the outcome.
While presenting the bill, he reiterated allegations of Trump’s participation.
The proposed legislation would bring minimal change relative to existing laws and market regulations. The Commodity Exchange Act (CEA) already forbids companies licensed in the US from providing markets on war or death. These specific markets were available on Polymarket’s international platform, which operates outside US jurisdiction.
Furthermore, insider trading is already illegal, as demonstrated by the indictment against the Israeli military personnel. Nevertheless, a comparable bill was introduced this week.
The STOP Corrupt Bets Act seeks to limit prediction market contracts related to elections, military actions, and government activities.
This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content.
AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.