Polymarket Trader Makes $1 Million on Google Search Bets, Sparking Insider Trading Fears

A Polymarket trader, using the wallet address "0xafEe" (formerly "AlphaRaccoon"), amassed nearly $1 million by correctly predicting almost all outcomes in markets related to Google's 2025 Year in Search rankings. The trader achieved a 22-for-23 success rate, notably turning a small wager into nearly $200,000 by betting on d4vd and winning large sums by betting against favorites like Pope Leo XIV and Donald Trump. This activity, which included a $3 million deposit the previous Friday, follows a previous $150,000 win predicting the Gemini 3.0 Flash release date, prompting Meta engineer Jeong Haeju to publicly allege the trader is a Google insider. While the community is divided—some arguing prediction markets are designed for insider trading—there is no confirmation of insider status. This controversy occurs as Polymarket relaunches in the US following CFTC approval and prepares for a native POLY token launch in 2026, making the handling of such information crucial for its regulatory future.

(Source：BeInCrypto)