George Cottrell’s $550K Loss on Iran Strike Bet
- An account linked to George Cottrell lost over $550,000 betting that the U.S. would not strike Iran by February 28, 2026.
- The same account reportedly lost an additional $125,000 on a wager predicting Prime Minister Keir Starmer would leave office by the same date.
- Cottrell’s account has previously made nearly $3.5 million in profits, mainly from a bet on Trump winning the 2024 election.
- Polymarket, where these bets were placed, is not licensed to operate in the UK and faces regulatory scrutiny.
George Cottrell’s substantial losses on Polymarket highlight ongoing concerns about unlicensed prediction markets and their potential impact on financial activities in the UK.
Despite significant losses, Cottrell’s account remains profitable due to earlier successful bets, underscoring the volatile nature of prediction markets like Polymarket. (Source)
