Philenews

Mysterious Trader Profits $400,000 by Betting on Maduro's Overthrow

Published January 6, 2026, 11:12
Mysterious Trader Profits $400,000 by Betting on Maduro's Overthrow

An anonymous trader made a substantial profit of approximately $410,000 by betting on the overthrow of Venezuelan President Nicolás Maduro through the prediction market platform Polymarket. The trader's investment, which initially had low odds of success, surged in value following the operation to apprehend Maduro. This success coincided with positive market developments, including a rise in stock market indices and a strengthening of Venezuelan government bonds due to expectations of debt restructuring. The transaction has raised concerns about potential insider information, as the trader appears to have predicted the operation before it became public knowledge. This has sparked discussions about the need for stricter regulations on prediction market platforms and led to proposals to ban trading by elected officials and public employees. Democratic Congressman Ritchie Torres announced he will introduce legislation to prohibit elected officials and federal employees from betting on prediction markets. The move aims to prevent the misuse of non-public information for personal gain. The anonymous trader's account was created last month and began purchasing contracts linked to Maduro's overthrow on December 27th, with an initial investment of $96.