Polymarket Trader Makes $400K From Venezuela’s Maduro Capture

Sponsored
Sponsored

Key Highlights

A new trader on Polymarket made a huge profit after betting on the capture of Venezuelan President Nicolás Maduro. The trader put in $30,000 on Friday night, shortly before U.S. President Donald Trump announced early Saturday morning that Maduro had been captured by U.S. forces.

Following the announcement, the account’s profit jumped to $436,759.61 in less than 24 hours. The timing of the gains has drawn scrutiny within the crypto space, with discussions focusing on the possibility of insider trading on the prediction market, as the bet came before the public knew about the operation.

In an X post on Saturday, Financial investor Joe Pompliano highlighted the Polymarket incident.

“A newly created Polymarket account invested over $30,000 yesterday in Maduro’s exit. The US then took Maduro into custody overnight, and the trader profited $400,000 in less than 24 hours. Insider trading is not only allowed on prediction markets; it’s encouraged,” he wrote. 

https://twitter.com/JoePompliano/status/2007455311351718118?ref_src=twsrc%5Etfw” target=”_blank” rel=”noopener

Sponsored

Polymarket is a website where people can bet on real events, like elections or world news. The prices of these bets change depending on how many people think an event will happen. In this case, the market’s prediction of Maduro leaving office stayed very low for weeks, but suddenly rose sharply just before the capture. However, the timing makes people wonder if the trader knew something before the rest of the public.

The U.S. operation reportedly targeted key military sites, including Fort Tiuna and several airfields. Maduro and his wife were taken into U.S. custody, and authorities said they would face charges for drug-related crimes. While many Americans were shocked by the news, traders who acted fast on Polymarket made thousands of dollars. 

Calls for regulation

Prediction markets like Polymarket and Kalshi allow users to place “stocks” on real-life events. Prices change depending on the balance of “yes” and “no” bets. While these markets are legal, the idea that someone could profit from private knowledge of a major political operation is controversial.

Lawmakers are now looking at ways to regulate participation by political figures. Rep. Ritchie Torres (D-N.Y.) plans to introduce the Public Integrity in Financial Prediction Markets Act of 2026, which would restrict federal officials and some political insiders from betting on events like this.

The restriction would be applied to buying, selling, or exchanging prediction market contracts tied to government policy, government action, or political outcomes on platforms engaged in interstate commerce.

Also Read: Crypto Markets Brace for Volatility After U.S. Strike in Venezuela

kryptonew

Share
Published by
kryptonew

Recent Posts

UXLINK and REI Network Forge Strategic Partnership to Propel Web3 Social Adoption

UXLINK and REI Network have announced a strategic partnership in the rapidly evolving landscape of…

19 minutes ago

OKX Partners with Ondo Finance to Expand into Tokenized Stocks Trading on CeDeFi

OKX, a leading global centralized cryptocurrency exchange (CEX) and Web3 technology company, has disclosed its…

1 hour ago

Ethereum Price Coiling Tight, Explosive Move Could Trigger Anytime

Ethereum price started a fresh increase and remained stable above $2,355. ETH is now consolidating…

4 hours ago

Expert Says AI Is Wrong About This XRP Price Prediction

Three major AI models predicted where XRP is headed, but finance expert Austin Hilton has…

9 hours ago

Resercher Reveals Why XRP and Crypto Market Will Keep Rising

The world is paying attention to the crypto market. Not because a bill passed or…

9 hours ago

This website uses cookies.

Read More