Maduro’s Removal Bets Net Over $400,000, Sparking Suspicion
A new player in the prediction market Polymarket has garnered significant attention after securing substantial winnings linked to anticipated actions against Nicolas Maduro, the leader of Venezuela. Within just eight days of creating an account, the user staked nearly $34,000 on various predictions that turned out to be highly profitable.
Massive Profits from Maduro’s Removal Bets
By Sunday afternoon, the user had accumulated over $409,000 in profits, primarily through wagers predicting Maduro’s ousting by January 31. The bets also included forecasts about potential US military actions, such as invoking war powers or sending troops to Venezuela by the same deadline.
Significant Wager and Returns
- A $32,537 bet on Maduro’s removal generated a staggering 1,240% return, netting the user over $404,000.
- Additional smaller wagers related to US military actions against Venezuela yielded returns ranging from 214% to 985%.
Speculation and Social Media Buzz
The trading activity has sparked lively discussions across social media platforms. Some have speculated that the user may have had access to insider information, prompting concerns about potential insider trading practices. One particular post addressing this issue has drawn nearly 7.3 million views on X.
Surge in Betting Activity
In the moments before the US strikes, there was a noticeable surge in betting activity regarding Maduro’s departure on Polymarket. This caused the likelihood score for the prediction to skyrocket, reflecting the urgency and speculation surrounding the situation.
This significant increase in market activity underscores the intersection of political events and financial speculation, highlighting the unpredictable nature of such predictions on platforms like Polymarket.
