Prediction market company Polymarket has defended its decision to allow its users to bet on war in Iran, calling the insights “invaluable” to those in the Middle East.
Several Polymarket accounts made bets right before the U.S. and Israel bombed Iran early Saturday morning.
The Financial Times reported that a user named Dicedicedice cashed in nearly $150,000 on their wager that the U.S. would attack Iran by the end of February 28. Meanwhile, another gambler named Magamyman made more than $360,000 betting on the event.
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