How to get away with selling classified information | If You're Listening | ABC NEWS In-depth // TRAIN BRAIN

How to get away with selling classified information | If You're Listening | ABC NEWS In-depth

There's a Polymarket account called Magamyman that's terrible at picking elections, but it's made $800,000 betting on exactly when the US would strike Iran, cashing in within minutes of the bombs actually falling. It's not alone. Donald Trump's own teleprompter operator is under investigation for betting on his boss's speeches, and a US soldier allegedly bet on capturing Nicolas Maduro days before doing it himself. Prediction markets like Polymarket and Kalshi have exploded into a $20 billion industry are are built on a simple promise: that crowds are smarter than any individual, and secrets are worth cashing in on. With Trump's own son advising both platforms and regulators standing down, who's actually watching for insider trading?

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ABC News In-depth

Welcome to ABC News In-depth, where you'll find our long-form journalism and explainers to help you understand what's going on in the world around you. You'll find all your favourite ABC News programs: Four Corners, Foreign Correspondent, Australian Stor...

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