A $400,000 payout after Maduro's capture is putting prediction markets in the spotlight [Los Angeles Times (CA)]
DraftKings Inc. - Class A (DKNG)
Company Research
Source: Los Angeles Times
The latter is drawing renewed scrutiny into this murky world of speculative, 24/7 transactions. Last week, an anonymous trader pocketed more than $400,000 after betting that Maduro would soon be out of office. The bulk of the trader's bids on the platform Polymarket were made hours before President Trump announced the surprise nighttime raid in Caracas that led to Maduro's capture, fueling online suspicions of potential insider trading because of the timing of the wagers and the trader's narrow activity on the platform. Others argued that the risk of getting caught was too big, and that previous speculation about Maduro's future could have led to such transactions. Polymarket did not respond to requests for comment. The commercial use of prediction markets has skyrocketed in recent years, opening the door for people to wager their money on the likelihood of a growing list of future events. But despite some eye-catching windfalls, traders still lose money every day. And in terms
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