Prediction Markets Under Fire After Trump’s “Venezuela Leaker” Claim

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Donald Trump said the individual responsible for leaking information related to Venezuela has been jailed, a comment that reignited debate around political prediction markets. While Trump did not name any platform, blockchain analysts pointed to suspiciously timed bets on Polymarket that appeared just hours before major Venezuela-related news became public.

Analysts at Lookonchain noted that several wallets that previously profited heavily from wagers on Venezuelan President Nicolás Maduro’s removal have since gone inactive. The situation has intensified calls from US lawmakers to tighten rules around insider trading on political bets, blurring the line between market forecasting and illicit information use.

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prediction markets + insider info was always gonna end like this tbh