Tel Aviv Court Files Charges Against Military Insider for Polymarket Scandal
Investigation began after Kan 11 reported in January 2023 about a defense insider using classified info to bet in June 2025.
Military calls the incident a severe ethical failure but denies operational damage.
Polymarket, founded in 2020, has a market expiring March 2026 with $1.4M and $239M strike market.
Suspects arrested by Shin Bet, Malmab, and Israel Police; charges filed, accused remain in custody.
Analysts warn prediction markets are vulnerable; Polymarket under US regulatory scrutiny and fined by CFTC.
2 hours ago