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An insider to the Venezuela raid may have scored big on Polymarket
An anonymous trader with a new Polymarket account earned $400,000 betting on the U.S. invasion of Venezuela hours before the raid began, prompting insider trading concerns.
Summary by We Are The Mighty
3 Articles
3 Articles
An insider to the Venezuela raid may have scored big on Polymarket
Insider trading on the stock market—that is, buying or selling of a public company’s stocks by someone with access to privileged or secret information—is illegal. But that’s not true of the rash of new, online prediction marketplaces. Polymarket, Kalshi, and a number of lesser-known sites allow users to essentially bet on news and events using cryptocurrency, and these markets are largely unregulated. Related: Gamblers on Polymarket predicted th…
·United States
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When Prediction Markets Can’t Agree on Reality
Prediction markets like Polymarket depend on outside sources to confirm results, but bettors don’t always agree on what happened in complicated situations like the U.S. raid to capture Venezuelan president Maduro.
·New York, United States
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Coverage Details
Total News Sources3
Leaning Left1Leaning Right0Center1Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
Factuality
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