Citing ChainThink, a user known as @gemchange_ltd reported that an address named 'JaneStreetIndia' on Polymarket has been engaging in high-frequency trading of a 15-minute crypto prediction market, generating nearly $360,000 in profits. The account, believed to be operated by Jane Street, frequently places both bullish and bearish bets with a total cost below $1, and has a winning record on 23 out of 25 days, with daily profits ranging from $5,000 to $33,000. The account has since been renamed 'Account88888'.
Jane Street's suspected quantitative bot is conducting high-frequency trading of crypto assets on Polymarket, earning nearly $360,000 in 25 days.
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Summary
On-chain data reveals a suspected Jane Street quantitative bot has been trading crypto prediction markets on Polymarket, earning nearly $360,000 in 25 days. The 'JaneStreetIndia' address placed high-frequency bets with sub-$1 costs, winning 23 of 25 days. Daily profits ranged from $5,000 to $33,000. On-chain analysis shows the account has since been renamed 'Account88888'.
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