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Polymarket is a prediction market with few guardrails on what people can bet on.
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Emanuel Fabian is a military correspondent for The Times of Israel.
Emanuel Fabian, military correspondent for The Times of Israel
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Emanuel Fabian said that Polymarket users attempted to bribe him and threatened to kill him.
Emanuel Fabian, military correspondent for The Times of Israel
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Emanuel Fabian reported that an Iranian missile had struck Israel earlier this month.
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Polymarket condemned the harassment and said the conduct violated its rules.
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Polymarket wrote on X that it banned the accounts for all involved and will pass their info to the relevant authorities.
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The harassment began with emails pressing Fabian to revise a blog post stating that a missile hit an area roughly 500 meters from homes in Beit Shemesh.
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The initial outreach was written in Hebrew and was polite.
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"Regarding your Times of Israel report that described today's launch as an 'impact' — Beit Shemesh Municipality and MDA (Magen David Adom) later corrected their reports to clarify that what fell was an interceptor fragment, not a full missile."
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"I have an urgent request regarding the accuracy of your report on the missile attack on March 10. I would really appreciate a response if possible."
Emanuel Fabian, military correspondent for The Times of Israel
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Emanuel Fabian said he stood by his reporting, citing Israeli military information and video showing a large explosion that he believed was inconsistent with interceptor debris.
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The harassment spanned email, X, Discord, WhatsApp, and backchannel outreach through another journalist.
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Fabian described repeated requests to change the wording of his report intended to influence the resolution of a Polymarket market tied to whether Iran struck Israel on March 10.
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Some messages escalated into explicit threats.
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"If you do not correct this by 01:00 Israel time today, March 15, you are bringing upon yourself damage you have never imagined you would suffer."
Emanuel Fabian, military correspondent for The Times of Israel
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Emanuel Fabian went to the police and provided evidence.
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Polymarket did not answer questions from The Times of Israel about the details of the investigation.
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Polymarket did not immediately respond to Business Insider's request for comment.
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Advocates for prediction markets say they encourage honesty by requiring users to put their money where their mouth is.
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Shayne Coplan has said that people in the Middle East can use military-strike markets to decide whether they want to sleep near a bomb shelter.
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People who wagered on whether Iran would strike Israel by March 10 on Polymarket still have not been paid, as the contract appears to remain in dispute.
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Polymarket is legally based in Panama.
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Polymarket uses a complex, crypto-based process to resolve disagreements.
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The NCAA reported that 36% of Division I men's basketball players said they had been harassed by someone with a betting interest.
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In January, the NCAA called for a pause on college sports-related prediction market betting until the Commodity Futures Trading Commission implements appropriate regulations.
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Polymarket was valued at $9 billion last year.
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Polymarket is seeking a $20 billion valuation in talks with investors.
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Polymarket and its competitor Kalshi have spent millions of dollars on marketing online, on TV, and in real life, including giving people free groceries in New York City.
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The largest share of activity on Polymarket and Kalshi is sports betting, competing with companies like DraftKings, BetMGM, and other traditional sportsbooks.
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The second-biggest category on the platforms is speculating on cryptocurrency prices.
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Polymarket has drawn scrutiny from U.S. lawmakers over concerns about manipulation, insider trading, and the difficulty of investigating crypto-based bets.
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Senator Chris Murphy and Representative Greg Casar said they will introduce the Bets Off Act, which would ban prediction market trades on terrorism, war, and assassinations.
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At least one Polymarket user made several hundred thousand dollars by correctly betting on the U.S. operation to remove Venezuela's leader, Nicolas Maduro.
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