Polymarket Insiders Profited Big Just Before the US Capture of Venezuela’s President
Insiders made over $630,000 on Polymarket betting on the arrest of Venezuelan President Maduro, prompting legislative action.Summary
Blockchain analytics firm Lookonchain identified three digital wallets that collectively profited $630,484 on the prediction market Polymarket by betting on the removal of Venezuelan President Nicolás Maduro shortly before his arrest. These wallets were created days in advance, had no prior trading history, and focused exclusively on contracts related to Maduro, suggesting insider knowledge of the sensitive operation. One wallet turned $34,000 into nearly $410,000 in profit. This suspicious activity has spurred a legislative response in Washington, with Representative Ritchie Torres planning to introduce the Public Integrity in Financial Prediction Markets Act of 2026. This bill seeks to ban federal officials, political appointees, and executive branch employees from trading on prediction markets like Polymarket and Kalshi based on non-public information related to government actions or policy, aiming to extend ethical standards to the decentralized betting economy.
(Source：BeInCrypto)