After Maduro was captured, someone made $400,000 on Polymarket : NPR
NPR••general
Key Points:
- A trader on Polymarket made over $400,000 in profit by wagering $32,000 that Venezuelan leader Nicolás Maduro would be toppled before the end of January, placing the bet hours before the Trump administration’s operation to capture Maduro.
- The trader’s identity remains unknown despite attempts to unmask them; the account was newly created and uses U.S. crypto exchanges to cash out, suggesting no elaborate efforts to conceal identity.
- Experts debate whether this constitutes insider trading, noting that prediction markets lack the rigorous oversight present in stock markets, with the Commodity Futures Trading Commission (CFTC) having limited staff and potential conflicts of interest due to ties to the Trump administration.
- Polymarket and Kalshi, both regulated by the C
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