An account identified as âMagamymanâ profited by more than $553,000 on Polymarket by betting that Iranâs Supreme Leader, Ayatollah Ali Khamenei, would be out of power shortly before he was killed in a strike on March 1, 2026.
The United States and Israel launched strikes against Iran on Feb. 28, killing Khamenei and top military leaders; Iran later retaliated with strikes on Israel and U.S. bases across the Gulf. Members of Congress and critics said prediction markets enable trading that could reward access to classified information, noting that on Polymarket about $500 million was traded on timing related to U.S. bombing.
The White House denied that anyone in President Trumpâs orbit was behind the trades. Separately, Donald Trump Jr. is an adviser to Polymarket and his firm, 1789 Capital, has invested in the company. The Trump administration dropped two federal investigations into Polymarket that began under Biden-era officials and approved Polymarket to open a U.S.-based platform, which has not fully launched publicly.