Social media is awash with speculation about an bettor who may have profited from insider information about the Super Bowl LX halftime show. A Polymarket account that was only created a couple of days before the big game is up $16,995 after winning all but one of its bets:
The account didn’t trade any non-halftime show positions. Its biggest bet was $19,386 that Lady Gaga’s would perform during Bad Bunny’s mini-concert. She subsequently did so, which netted the Polymarket user a $4,940 profit.
Only one bet was unsuccessful, as they wagered that Cardi B would perform. While the New York native appeared during the show, she only danced, which Polymarket doesn’t count as performing. The outcome is under dispute.
someone placed $33,000 in bets in the hours leading up to the capture of Venezuelan President Nicolás Maduro
This is the latest case of a possible insider using confidential knowledge to profit through prediction markets. A high-profile incident happened last month when someone placed $33,000 in bets in the hours leading up to the capture of Venezuelan President Nicolás Maduro, turning it into over $410,000. Polymarket doesn’t explicitly say that it bans insider trading on the platform.
