Polymarket crypto gambler made $436,000 on Maduro capture

Danielle Kaye and Natalie ShermanBusiness reporters, New York

LightRocket via Getty Images In this photo illustration, a Polymarket logo is seen displayed on a smartphone. LightRocket via Getty Images

In this photo illustration, a Polymarket logo is seen displayed on a smartphone.

A gambler made nearly half a million dollars on the capture of Venezuela’s president just before it was officially announced, raising questions about whether someone profited from inside knowledge of the US operation.

Wagers on Polymarket, a crypto-powered platform, that Nicolás Maduro would be out of power by the end of January rose in the hours before President Donald Trump announced on Saturday the Venezuelan leader had been seized.

One account, which joined the platform last month and took four positions, all on Venezuela, made more than $436,000 (£322,000) from a…

Source link