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Suspected insiders reportedly earned over $1.2 million on Polymarket by trading on anticipated U.S. military action against Iran. The event triggered a decline in Bitcoin's price and a surge in oil futures on Hyperliquid due to heightened geopolitical tensions. Such insider trading undermines market integrity and raises concerns about regulatory oversight in decentralized platforms. The incident highlights the volatility of crypto markets during geopolitical crises and their interconnection with traditional assets like oil.
