BlockBeats reported on August 28 that, according to sources familiar with the matter, federal authorities are preparing to file a lawsuit against a U.S. military member suspected of betting on military operations and profiting more than $1 million on the Polymarket platform, as part of a wave of upcoming insider trading cases. The sources revealed that the military member, who has been under investigation since the spring, successfully bet on events related to military strikes against Iran and Venezuela on the prediction market. This is one of several investigations targeting military personnel involved in war-related contract trading concerning the timing and outcome of military operations.
In addition, the U.S. is also investigating a KPMG employee who allegedly bet that a company's performance would exceed market expectations. (Wall Street Journal)