Polymarket decided that it would be a keen idea to make book on the possibility of nuclear weapons use in Iran.
Once the news got out, people were horrified, and they backed down.
The crypto-based prediction sensation Polymarket has quietly taken down a bet on whether a nuclear weapon would be detonated before next year.
The bet, which was first listed last November, generated significant controversy on social media Tuesday after it was flagged by several users.
Polymarket had also highlighted the bet on its official X account that day, tweeting that its market now predicted there was a 22 percent chance a nuclear weapon would be detonated this year. The post has since been deleted — and the bet itself has now been “archived” as of Wednesday morning.
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The Wall Street Journal reported that the nuclear detonation bet had spiked in popularity after the US and Israel’s deadly strikes in Iran. Before the attacks broke out, only $10,000 in bets had been placed on Friday, according to data from the Block cited by the newspaper. But on Tuesday, the daily trading volume had surged to almost $244,000, bringing the total amount of money on the line to over $830,000.
Anyone want to take a bet on whether senior executives at Polymarket will eventually be frog-marched out of their offices in handcuffs. (My bet is never)
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