Lookonchain reported that an insider trader named Rundeep placed six trades on Polymarket related to Israeli military operations and made a profit on all of them, totaling $154,000.
Subsequently, Israeli prosecutors indicted a reservist and a civilian, accusing them of using military secrets to place bets on Polymarket; Rundeep was suspended from trading for over a month.
- Rundeep won 6 Polymarket bets on Israeli military operations, making a profit of $154,000.
- Israel is prosecuting a reservist and a civilian for using military secrets to gamble.
- Rundeep's trading has been suspended for over a month; it is unclear whether he is under investigation or facing other sanctions.
Key developments surrounding Polymarket and the insider trading allegations.
Rundeep was named as the person who placed six bets related to the Israeli military campaign on Polymarket, all of which were profitable, totaling $154,000 in gains.
According to Lookonchain, Rundeep's trading chain showed six winning bets, all focused on scenarios related to Israeli military activity. The total cumulative profit reported was $154,000, reflecting an unusually high level of accuracy in predicting sensitive events.
In connection with the case, Israeli prosecutors have indicted a reservist and a civilian. The allegations claim that the two used military secrets to place bets on Polymarket, turning classified information into a direct advantage in the prediction market.
Rundeep's trading status and undisclosed points
The report states that Rundeep's trading has been suspended for over a month, but there has been no public information about an investigation or other consequences.
The available information is limited to a trading suspension of over a month for Rundeep. The report also states that Rundeep's legal status has not yet been released, including whether it is directly related to the allegations of using military secrets.
The prosecution in Israel focuses on allegations of exploiting confidential information to place bets on Polymarket, while Rundeep's Vai and extent of involvement have not been publicly confirmed. The focus is on the legality of information advantages in prediction markets.
