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$630K Polymarket Win Sparks Insider Trading Questions
Pulse of the market
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A cluster of highly targeted wagers on Polymarket generated more than $630,000 in profits after betting on the arrest of Venezuelan President Nicolás Maduro. Blockchain analytics firm Lookonchain identified three newly created wallets that placed large bets just days before the news broke.
The wallets had no prior trading history and focused exclusively on contracts related to Maduro’s removal. One wallet reportedly turned $34,000 into nearly $410,000, with the timing and precision of the trades raising suspicions that the bettors may have had access to sensitive, non-public information.
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Why do people waste money on that when all know some have edge?
