Polymarket Investigates Profitable Bets Before Israel's Polls Closed

Polymarket is examining bets from hundreds of newly created accounts that backed Benjamin Netanyahu and Likud before Israel's polls closed Tuesday, after some accounts cashed out more than $100,000 combined.

The accounts wagered that Netanyahu and his party would outperform rivals. Their bets became profitable soon after they were placed.

Some exit polls showed Netanyahu's party had won more seats than early reports had suggested. Some of the accounts later cashed out more than $100,000 combined.