According to ChainCatcher, on-chain analytics platform Lookonchain has detected three wallets suspected to be "insider wallets" of Polymarket, which placed bets on the removal of Venezuela's president, Nicolás Maduro, just hours before his arrest, earning a total of $630,484. These three wallets were created and funded several days in advance, and only placed bets on events related to Venezuela and Maduro. Specifically, wallet 0x31a5 invested $34,000 and earned $409,900, wallet 0xa72D invested $5,800 and earned $75,000, and wallet SBet365 invested $25,000 and earned $145,600.
Three Suspected Insider Wallets Profit Over $630,000 on Prediction of Maduro's Downfall
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Summary
On-chain analysis by Lookonchain identified three wallets suspected to be Polymarket insiders that earned over $630,000 by betting on Maduro's removal just hours before his arrest. These wallets were created days in advance and focused exclusively on Venezuela-related events. Wallet 0x31a5 earned $409,900 from a $34,000 investment, 0xa72D made $75,000 on a $5,800 bet, and SBet365 returned $145,600 on a $25,000 investment. On-chain data indicates that the bets were placed with precise timing.
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