Israeli Army Reservists Are Suspected of Using Inside Knowledge to Bet
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Israeli authorities arrested several army reservists and a civilian, charging two with crimes including obstruction of justice and bribery, for allegedly using classified information to bet on military operations. The investigation, conducted by Israeli police, the military, and Shin Bet, revealed the suspects placed bets on Polymarket, an online prediction platform, based on insider knowledge gained from their military roles. While the specific operations involved and the identities of those arrested remain confidential due to a gag order, the military stated that no operational harm was caused. The case highlights growing global concerns about the potential for insider trading on prediction platforms, which lack the regulatory safeguards of traditional financial markets.
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