There’s Compelling Evidence That Someone Connected to the Trump Administration Profited Off the Invasion of Venezuela by Placing Large Bets on Polymarket
Yahoo••business
Key Points:
- An anonymous user on prediction markets like Polymarket reportedly used insider information about the Trump administration’s plans to oust Venezuelan president Nicolás Maduro, placing large bets just before the US invasion attempt and profiting around $400,000 within 24 hours.
- The suspicious timing and magnitude of these bets highlight concerns over insider trading, which is legal and even encouraged on such markets, with accounts being anonymous and payouts in cryptocurrency, making tracking difficult.
- News outlets had early intelligence on the US raid but withheld publication to protect troops, raising questions about whether insiders in media or the administration exploited this information for financial gain.
- Critics argue that insider trading on prediction markets can distort policy decisions and outcomes, with some pointing to a lack of
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