Brett Cooper

And while Polymarket does seem more secure and anonymous based on all of that information, it's not totally

untraceable because every transaction is recorded on the blockchain.

And so while your name is not attached publicly, that wallet, that crypto wallet can often be traced back to you or back to a certain individual, even if they do not have all of your information, especially if you have ever bought crypto through a platform like Coinbase prior to this.

So it is not fully anonymous.

It is just harder to track than, let's say, the stock market, because we already know that everyone and their mother can just watch what Nancy Pelosi and her husband are trading on a daily basis.

And if you're smart, you're following that and making a bunch of money.

Anyway, I will say, as Alex and I have been talking about this entire thing literally since

January, I've debated doing this episode and I debated angling it more just to talk about the rise of gambling as a vice in our society, how we are seeing young people blow all of their money on these ridiculous bets.

But like I said, it has become abundantly clear that we cannot ignore this.

And I think that this warranted a more targeted, tailored story.

Because now allegedly, allegedly, presumably, possibly this platform is giving elected officials or just people with intel

free rein to make money off of this classified information and possibly creating incentives for people in power to make certain moves.

Placing a bet or having somebody place a bet and then taking an action that results in profiting off of that bet.

Now again, I'm not accusing anyone specifically, we're just pointing out what we are noticing.

Take a look at this story from earlier this week.

A trader made nearly $1 million since 2024 from dozens of well-timed polymarket bets that correctly predicted US and Israeli military actions against Iran, according to an analysis shared with CNN.

The better won a staggering 93% of their five-figure wagers about Iran, even though the events they predicted were unannounced military operations.

The trader has had a pattern of prescient bets, including hours before Israeli strikes in October of 2024 during its tit for tat conflict with Iran, hours before U.S.

airstrikes against Iranian nuclear facilities in June of 2025, and hours before the joint U.S.-Israeli surprise attack in February, which started the current war.

Quote, All of this is strong signaling of insider activity based on the amount they made, the markets they bet on, and the timing of their trades.