There's Compelling Evidence That Someone Connected to the Trump Administration Profited Off the Invasion of Venezuela by Placing Large Bets on Polymarket
Futurism••general
Key Points:
- An anonymous user on prediction markets like Polymarket reportedly used insider information about the Trump administration's plans to invade Venezuela, placing large bets on Nicolás Maduro being ousted and U.S. forces arriving in Venezuela shortly before the incursion.
- The user, active for only one week, invested over $30,000 less than two days before the invasion and allegedly profited around $400,000 within 24 hours, raising strong suspicions of insider trading.
- Prediction markets allow anonymous accounts and cryptocurrency payouts, making it difficult to identify those involved, and insiders exploiting such platforms for profit have been a longstanding concern.
- Critics argue that insider trading on prediction markets can distort policy outcomes, especially in sensitive situations like military actions where timing and secrecy are
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