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A study suggests 152 wallets trading on prediction market platform Polymarket may have placed bets using nonpublic information, including U.S. military secrets, Reuters reported. According to the Anti-Corruption Data Collective (ACDC), which analyzed markets settled through May 5, the wallets generated a combined $8 million in profits in military and defense-related markets and posted an average win rate of 97.2%. ACDC said the wallets typically placed large bets on low-probability outcomes shortly after opening accounts, then took profits and stopped trading. It added, however, that the trading pattern does not prove the use of insider information and may also reflect luck. Separately, access to Polymarket in South Korea was blocked following a decision by a subcommittee of the Korea Communications Standards Commission on Aug. 18.
