Someone made a ton of money betting on Maduro’s capture
The Verge••business
Key Points:
- Shortly before the US military attacked Venezuela and captured President Nicolás Maduro, a newly created Polymarket account made large, suspicious investments predicting Maduro's removal, turning over $30,000 into more than $408,000 in profits within 24 hours.
- The timing and scale of the investment led to social media speculation that the bettor had insider information, possibly linked to the Pentagon.
- Insider trading on prediction markets is reportedly not prohibited and may even be encouraged, according to investor Joe Pompliano, highlighting a controversial aspect of these platforms.
- Prediction market companies often tolerate insider trading because they prioritize delivering news and insights over maintaining a level playing field for investors.
- Kalshi, another prediction market, stated insider trading violates its
