Trader Pockets Over $400,000 After Betting On Maduro's Downfall
https://ift.tt/3T9yJmY Prediction markets let people wager on anything from a basketball game to the outcome of a presidential election - and recently, the downfall of former Venezuelan President Nicolas Maduro. The latter is drawing renewed scrutiny into this murky world of speculative, 24/7 transactions. Last week, an anonymous trader pocketed more than $400,000 after betting that Maduro would soon be out of office. The bulk of the trader's bids on the platform Polymarket were made mere hours before President Donald Trump announced the surprise nighttime raid that led to Maduro's capture, fueling online suspicions of potential insider trading because of the timing of the wagers and the trader's narrow activity on the platform. Others argued that the risk of getting caught was too big, and that previous speculation about Maduro's future could have led to such transactions. Polymarket did not respond to requests for comment. The commercial use of prediction markets ...