There’s Compelling Evidence That Someone Connected to the Trump Administration Profited Off the Invasion of Venezuela by Placing Large Bets on Polymarket
Prediction markets like Polymarket and Kalshi have long garnered a reputation for facilitating cheating and insider trading — allowing an athlete, for instance, to place a bet on a game they could then lose on purpose. Now there’s compelling evidence that someone with inside information about the Trump administration’s regime change plans in Venezuela used that foreknowledge to profit massively from the conflict. As spotted by researcher Tyson Brody, an unidentified user bet tens of thousands of dollars on various predictions that Venezuelan president Nicolás Maduro would be imminently “out” or that the US forces would show up “in Venezuela by” a specified date during the runup to the incursion. The account “existed for only one week and quickly became the biggest ‘yes’ holder in the Maduro out market,” Brody tweeted. The evidence of insider trading is compelling, to say the least, given the highly suspicious timing. The account invested over $30,000 less than two days before the United States launched its invasion to kidnap Maduro and his wife and “profited $400,000 in less than …
