Bets on World Leaders: Insider Trading Allegations Surround Nicolás Maduro's Capture
A recent incident on the online marketplace Polymarket has raised suspicions about the involvement of insider trading in the betting game. On Friday, a new account on the platform placed $30,000 in bets on the downfall of Venezuelan President Nicolás Maduro. By Saturday morning, when Maduro was suddenly ousted by US forces, the account had reportedly cashed out $436,759.61.
The exact origin of this windfall is unclear, but an archived snapshot circulating on social media suggests a total payout of $407,920.12. Regardless, it appears that someone made a surprisingly accurate prediction about the Venezuelan leader's fate. The Wall Street Journal has highlighted the unusual clustering of bets on Polymarket over the previous weekend, with $56.6 million wagered on Maduro's departure.
Contrary to expectations, however, Maduro did not leave power by November 30th or December 31st as many had predicted. Nonetheless, this incident underscores the possibility that some bettors may have received inside information about the plot against him. The situation surrounding Maduro's potential release from US custody also appears grim, with odds of his release by January 9th at just 1% and a 15% chance of it happening by the end of 2026.
Insider trading allegations are growing as more cases like this come to light on Polymarket. The incident raises questions about how bettors on these platforms are able to make such precise predictions, leaving many to wonder if there is an undercurrent of corruption at play.
A recent incident on the online marketplace Polymarket has raised suspicions about the involvement of insider trading in the betting game. On Friday, a new account on the platform placed $30,000 in bets on the downfall of Venezuelan President Nicolás Maduro. By Saturday morning, when Maduro was suddenly ousted by US forces, the account had reportedly cashed out $436,759.61.
The exact origin of this windfall is unclear, but an archived snapshot circulating on social media suggests a total payout of $407,920.12. Regardless, it appears that someone made a surprisingly accurate prediction about the Venezuelan leader's fate. The Wall Street Journal has highlighted the unusual clustering of bets on Polymarket over the previous weekend, with $56.6 million wagered on Maduro's departure.
Contrary to expectations, however, Maduro did not leave power by November 30th or December 31st as many had predicted. Nonetheless, this incident underscores the possibility that some bettors may have received inside information about the plot against him. The situation surrounding Maduro's potential release from US custody also appears grim, with odds of his release by January 9th at just 1% and a 15% chance of it happening by the end of 2026.
Insider trading allegations are growing as more cases like this come to light on Polymarket. The incident raises questions about how bettors on these platforms are able to make such precise predictions, leaving many to wonder if there is an undercurrent of corruption at play.