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The Venezuela Polymarket Scandal Is Looking Really Bad

Joe Wilkins

created: Jan. 7, 2026, 10:38 p.m. | updated: Jan. 17, 2026, 9:52 p.m.

What’s really astonishing is the timing of the bets placed. By 8:41am that same morning, the trader began to cash out their earnings — some $410,000, likely won at an unspeakable cost. “It’s more likely than not that this was an insider,” Polymarket analyst Tre Upshaw told the WSJ. When it comes to prediction markets like Polymarket, however, it’s the wild wild west, in part thanks to Trump’s own policy moves throughout his second term in office. More on Venezuela: That Video of Happy Crying Venezuelans After Maduro’s Kidnapping?

1 month ago: Futurism