Polymarket Whales Under Scrutiny Amid Venezuela Betting Frenzy
Polymarket analysts are tracking suspicious whale activity tied to geopolitical events in Venezuela. Several high-value wallets made prescient bets on the arrest of Venezuelan President Nicolás Maduro, netting nearly $200,000 before accounts were abruptly deleted. The timing coincides with former US President Donald Trump’s remarks about leaked information arrests, though no direct LINK has been established.
On-chain investigators identified three wallets with outsized gains during the Venezuela turmoil. Two have gone dark for 11 days, while one shifted focus to Iran-related predictions. Polymarket is disputing payouts to some Venezuela-focused whales, suggesting possible insider knowledge.
The platform’s military-action prediction markets remain under intense surveillance. Recent activity echoes past concerns about privileged information influencing crypto betting markets.
