Polymarket Trader’s $400K Bet on Maduro’s Fall Sparks Insider Trading Speculation
A Polymarket trader reportedly netted $400,000 by placing a well-timed bet on the political collapse of Venezuelan President Nicolas Maduro. The wager, placed just hours before the U.S. government took action against Maduro on January 4, 2026, has drawn scrutiny for its uncanny timing.
On-chain analysts traced the funding wallets to ENS domains linked to Steven Charles Witkoff, though the evidence remains circumstantial. The trades originated from wallets with patterns of Coinbase transfers, fueling speculation about potential insider information.
Crypto Twitter erupted with theories after researcher @Andrey_10gwei highlighted the suspicious trading activity. The controversy underscores the transparency challenges in prediction markets, where blockchain's public ledger provides clues but rarely definitive proof.
