Polymarket Hits $478M Daily Record as Iran Strikes Shake Global Markets

[nihalsari]

Polymarket shattered records with a staggering $478 million in single-day notional trading volume as the United States and Israel launched coordinated strikes on Iran. Nearly half of that activity — $220 million — came from political contracts alone, underscoring how traders are increasingly turning to blockchain-based prediction markets during geopolitical crises.

Data from Defioasis shows the spike aligned directly with the timing of the strikes, with some individual contracts clearing up to $90 million. The surge highlights how decentralized markets can price global events faster than traditional financial systems. However, analytics firm Bubblemaps flagged at least six wallets that allegedly netted $1.2 million from well-timed Iran-related bets, sparking fresh concerns over transparency and potential insider trading.

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