Insider trading or random guy? It doesn’t matter to Polymarket

Puppet show of a mouth whispering behind a hand into an ear.

In mid-March, conspiracy theories swirled claiming Benjamin Netanyahu had been replaced by an AI clone. Though there was no actual proof that the Israeli Prime Minister had been injured or killed, on X this spurred a flurry of posts promoting prediction markets where people bet on whether he would be out of office by March 31st. One newly created Polymarket account in particular caught the attention of bettors: dududududu22, which had purchased more than $177,000 worth of "Yes" shares at 4.7 cents. Surely, only someone with inside knowledge would take such a risky position?

"This makes him possible to get paid of $3,779,000 in case of win," …

Read the full story at The Verge.



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