Israeli Air Force major accused of using military intel for Polymarket bets

An Israeli Air Force major has been arrested on suspicion of breach of trust for allegedly using classified military intelligence to place bets on the crypto-based prediction platform Polymarket.

Investigations suggest the officer, along with a civilian accomplice, used sensitive information regarding the timing of military strikes in Iran and Yemen to gain a financial advantage. In a related investigation involving an IAF reservist major, authorities reported that profits from similar wagers reached between $162,000 and $244,000.

The case highlights growing concerns regarding the integrity of decentralized prediction markets when military operations and geopolitical events are used as subjects for speculation. This incident is part of a broader investigation into whether military secrets are being treated as actionable financial tips by personnel.