Polymarket user's $400K profit on Maduro bet raises insider trading concerns

A Polymarket user is under suspicion for insider trading after earning $400,000 from a bet predicting the capture of Venezuelan President Nicolás Maduro, BeInCrypto reported. Last week, the user placed four bets totaling over $32,000 on the U.S. capturing Maduro before February. The successful prediction yielded a $400,000 profit. On-chain analyst Andrew 10GWEI traced the account's funding to two wallets with no prior activity. One of the wallets used a domain name similar to "Steven Charles," leading to speculation about a connection to Steve Witkoff, co-founder of World Liberty Financial (WLFI). The report noted that while there is no direct evidence linking the wallet to Witkoff, the precise timing of the bet, the use of new wallets, and the unclear origin of the funds suggest possible insider involvement.