After huge bets on the Iran strikes, do Polymarket and Kalshi face a trust crisis?

Suspiciously timed wagers and disputed payouts are fueling backlash against the booming platforms.

[Photo: Michael Nagle/Bloomberg via Getty Images]

BY Chris Stokel-Walker

It’s a number that Donald Trump’s business-focused mind would surely be proud of: Nearly $530 million was wagered on Polymarket trying to predict the timing of when the United States and Israel would strike Iran. And at least half a dozen gamblers struck it rich after they lucked out.

Or did they? A number of the biggest winners from wagering on the Iran strikes had created their accounts that same month and bought their stakes in the........

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