Prediction Market Whales Under Investigation: Analyzing Suspicious Trading Patterns and Insider Concerns

Source: CryptoNewsNet Original Title: Markets watch Polymarket whales as Trump reports arrests linked to Venezuelan leaks Original Link:

Polymarket Platform Whale Activity Under Scrutiny

Analysts have focused on several large wallet addresses that placed confident bets on prediction markets. The recent wave of directional trades has expanded investigations into potential insider trading patterns.

Prediction market analysts are scrutinizing trading activity around geopolitical events, reviving discussions about insider information concerns. A list of several wallets has been linked to suspicious prediction trades.

The trades were also linked to recent statements regarding arrests of individuals who leaked information. Despite this, the bets around major geopolitical situations are closely watched for potential insider hints.

Analysts renewed their focus on the accounts most active around major geopolitical events. The main wallet that was tracked ended up with 194,741.73 in gains before the account was deleted.

On-chain analysts noted several wallets made outsized gains around various geopolitical situations. Two out of three wallets went dark and have not made new predictions for 11 days.

Prediction market platforms are disputing the earnings of some of the whales that made predictions on recent events.

One Prediction Market Whale Shifts to New Markets

One of the three closely watched wallets switched to a new market. Trader Sbet365 continued with new bets.

Trader Sbet365 moved on to the most active trending market, betting on significant geopolitical changes by January 31.

As of January 15, the trader also showed redeeming transactions for older bets.

The trader retained one active prediction on major geopolitical developments by January 31. The market is trending, with over $28M in volume. The Sbet365 wallet has been buying ‘yes’ tokens at $0.20 on average, preparing for a big gain in case of resolution.

The prediction market saw a shift in trading, as ‘yes’ tokens dipped to $0.17, following the latest lack of decisive action. The prediction pair remains at the top of trending markets, with highly active trading.

The third whale that made related predictions has not made any new predictions. The traders made relatively high gains from their positions, but further raised the issue of potential insider trading. The three wallets tracked were funded and prepared, only placing their bets immediately before real events took place.

Traders Also Count Big Losses

Outcome predictions on the platform are sometimes a matter of luck. One trader made a big directional bet expecting certain geopolitical developments by January 14. The trader ended up losing over $40K on the position.

Despite this, prediction market accounts are still scoured through for potential insiders. Wallets are singled out for making confident bets or funding their accounts just ahead of big events. However, no strategy guarantees exposure to insider knowledge or hints on the resolution of prediction pairs.

Wallet trackers only expose behavior that breaks the patterns of usual retail traders. The tools have also zeroed in on top suspicious whales that were active around the time of major events.