A second Israeli Air Force (IAF) officer has been arrested in Israel for allegedly trading on war markets at Polymarket. It follows the arrest of another IAF officer in February this year.
Israeli news site N12 first broke the news of a second arrest on Sunday. Earlier this year, authorities arrested an IAF officer and a civilian, Omar Ziv. The unnamed officer allegedly shared classified military information with Ziv, which he then used to place bets on related markets at Polymarket.
On this occasion, the officer is not accused of sharing information with others, indicating that he placed wagers on Polymarket himself.
Everyone in the Force Gambles
Following his arrest in February, the officer, who cannot be named for security reasons, defended himself in court by saying, “everyone in the force” gambles on prediction markets.
A judge denied the officer’s petition for release on house arrest in May. He remains detained as the investigation continues. According to the court, the claims that gambling on prediction markets is common in the military are not relevant and in no way excuse his crimes.
His claims sparked a widespread investigation, which led to the second arrest this weekend. Details of the bets the second officer allegedly placed on Polymarket have not yet emerged.
First Officer Accused of Selling Military Secrets
The second officer is only charged with breach of trust, according to N12. The first arrested officer faces more serious charges for allegedly selling classified military information.
“This is not just a ‘gambling story,’ but a serious treatise of wrongful acts committed out of a pursuit of excitement and lust for financial gain, while completely ignoring their consequences and the most basic moral and ethical norms,” said the judge in charge of the first case.
After receiving information from the officer about a planned military strike on Iran in June last year, Ziv allegedly passed it on to at least five others via WhatsApp. He warned them to keep quiet, “so we don’t go to jail.”
Suspicious Accounts Flagged Online
As Ziv continued to profit from war-related markets, his Polymarket account attracted online attention. The account racked up over $160,000 in profit from wagers on Israeli military actions.
7 months ago, a possible IDF insider “ricosuave666” predicted the exact day Israel would strike Iran and won $154K.
He is now back on Polymarket and started buying a massive position on another Israel strike on Iran by Jan 31.
Account:https://t.co/gH1HSdQ16J pic.twitter.com/PQ2UDMsfFC
— PredictFolio (@PredictFolio) January 6, 2026
The indictment against Ziv says he canceled positions and deleted incriminating WhatsApp messages after seeing the online speculation that his account was run by a military insider.
Several other accounts have also been flagged as suspicious. A total of six accounts made more than $1.2 million in profits from wagers on a military strike in February that killed Iran’s Supreme Leader Ayatollah Ali Khamenei.
JUST IN:
Six suspected insiders made $1.2M betting on a US strike on Iran
Most of these wallets:
• were funded in the last 24h
• specifically bet for February 28
• bought “yes” hours before the strike pic.twitter.com/n3G6OIEOXt— Bubblemaps (@bubblemaps) February 28, 2026
At this time, the first officer was already in police custody.
Millions Still Traded on Israeli War Markets
The incidents have not dissuaded Polymarket from offering markets on Israeli military action. In the US, trading on wars is prohibited, and lawmakers introduced the DEATH BETS Act in March as reports of such trading grew.
The markets, however, are only offered on Polymarket’s international platform. Israel is not one of the 39 countries restricted from accessing the site.
The IAF has conducted several military operations this year, providing plenty of opportunities for insiders to profit. Users have traded over $7 million on the total number of countries Israel will strike.
A further $26 million has been traded on how long the ceasefire between Israel and Iran will last. There are also markets on whether Israel will strike Beirut and Yemen, as well as a host of other markets related to conflicts around the world.
Lawmakers are pressuring the CFTC to prevent prediction market operators from offering wagering on wildfires, even though these have not been offered since January last year. Relatively little has been done to urge the agency to restrict war markets on Polymarket. Israeli authorities have also not taken any action against the company despite the arrests.
In addition to the insider trading, an Israeli journalist reported being sent death threats from Polymarket users over his reporting on the country’s war with Iran. Users claimed that Emanuel Fabian was deliberately publishing stories about a strike on Iran to personally profit from wagering on the markets. One warned that if he did not change his story, a group of traders would invest to finish him.
The post Second Israeli Military Officer Arrested for Trading on Polymarket War Markets appeared first on CasinoBeats.
A second Israeli Air Force (IAF) officer has been arrested in Israel for allegedly trading on war markets at Polymarket. It follows the arrest of another IAF officer in February this year. Israeli news site N12 first broke the news of a second arrest on Sunday. Earlier this year, authorities arrested an IAF officer and
The post Second Israeli Military Officer Arrested for Trading on Polymarket War Markets appeared first on CasinoBeats.