A mysterious online gambler made $400,000 betting on the removal of Maduro

https://www.nbcnews.com/tech/internet/polymarket-bettor-made-400000-wagers-removal-maduro-rcna252357

10 Comments

  1. The trades underscore fears that prediction markets can be used to profit from classified intelligence.

  2. tldr; A mysterious online gambler earned over $400,000 on Polymarket by betting on the U.S. military’s operation to remove Venezuelan President Nicolás Maduro. The bettor placed wagers totaling $33,934.34 between Dec. 27 and Jan. 3, coinciding with the classified operation’s timeline. Concerns have arisen about insider trading on prediction platforms like Polymarket, which allow users to bet on real-world events. The identity of the bettor remains unknown, and the legality of using nonpublic information for such bets is under scrutiny.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

  3. MrFrydenlund89 on

    Pretty much everyone on Polymarket is mysterious.

    400k is not exactly a huge score either, not in the sense that it would move the needle for when the strike happens.

    But yeah prediction markets are about finding truth not making money for traders. So dont bet on stuff you dont think you have an edge on.