I made this post about sports betting, but it could be about prediction markets in general. I read recently that some dude bet $32k on Maduro being ousted in January 2026, and pocketed over $400k. Seems like an awfully large wager if you didn’t have some sort of insider info that something was going to go down.
People are betting on discrete outcomes of the war in Iran, which is sick. This article is eye opening -- username "Magamyman" made $553k betting on Polymarket on the death of Ayatollah Khamenei. Trump Jr. is on Polymarket's advisory board. So the same corrupting influence gambling has on sports can now be applied to any event on the planet. Super!
