Despite the crises imposed by wars on the global economy, they simultaneously create financial opportunities for some investors, as evidenced during the military escalation related to the war with Iran, where traders made profits from geopolitical betting on the Binance platform.
Bettors on the platform wagered nearly 529 million dollars on contracts related to the timing of military strikes, according to reports from Bloomberg.
Concurrent with these trades, blockchain technology investigators began searching for unusual patterns in the bets placed before the strikes occurred.
👈Huge profits due to demand
Data from the analytics firm Bubblemaps SA showed that six accounts on the Binance platform made profits estimated at around one million dollars by betting on the United States executing a military strike against Iran by February 28.
According to the analysis, all of these accounts were newly created during February, and they did not place any other bets except those related to the timing of U.S. strikes.
Additionally, some shares in these contracts were bought at very low prices, reaching about 10 cents per share, just hours before the first explosions were reported in Tehran.
Email message: "Prediction markets are among the first products that allow direct betting on geopolitical events. In cases of wars or conflicts, some may spread certain
Bettors on the platform wagered nearly 529 million dollars on contracts related to the timing of military strikes, according to reports from Bloomberg.
Concurrent with these trades, blockchain technology investigators began searching for unusual patterns in the bets placed before the strikes occurred.
👈Huge profits due to demand
Data from the analytics firm Bubblemaps SA showed that six accounts on the Binance platform made profits estimated at around one million dollars by betting on the United States executing a military strike against Iran by February 28.
According to the analysis, all of these accounts were newly created during February, and they did not place any other bets except those related to the timing of U.S. strikes.
Additionally, some shares in these contracts were bought at very low prices, reaching about 10 cents per share, just hours before the first explosions were reported in Tehran.
Email message: "Prediction markets are among the first products that allow direct betting on geopolitical events. In cases of wars or conflicts, some may spread certain