Polymarket Combats Insider Trading

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Crypto News: Polymarket posted on X platform stating, “Last month, we released an enhanced market integrity rule to combat insider trading. When we discover users trading using government confidential information, we refer the matter to the Department of Justice and cooperate with their investigation. Polymarket will not tolerate insider trading, and today’s arrest demonstrates that this system works effectively.” The arrest mentioned by Polymarket involved U.S. federal authorities arresting a special forces soldier this Thursday who was involved in the arrest of Venezuelan President Maduro. The soldier is suspected of profiting over $400k by betting on Maduro’s removal. Sources say federal investigators believe that this assault team member placed bets exceeding $33k on the prediction market Polymarket just hours before President Trump announced the capture of Maduro in January. For details on insider trading related to Maduro’s arrest on Polymarket, read “When War Precedes News Settlement: How Prediction Markets Price Maduro’s Capture 6 Days in Advance.”

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