As gambling regulators and stakeholders in the U.S. grapple with the rules that govern prediction markets, one thing seems to have caused some extra confusion: the fact that there are two Polymarkets.
On Polymarket’s global exchange, a recently created account made $436,000 in profit from betting that Nicolas Maduro would be removed as president of Venezuela, shortly before he was captured by U.S. forces Jan. 3.
Given the nature of the operation to capture Maduro, it seems likely that the trades in question would have been considered misappropriation of information, and therefore illegal. Not all insider trading is against Commodity Futures Trading Commission rules.
