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Polymarket User Suspected of Insider Trading, Mysterious Account Profits $1 Million
According to Decrypt, Polymarket yesterday announced the 2025 Google search trends results, with little-known singer d4vd unexpectedly winning. A user with the code 0xafEe accurately bet on all major candidates and profited $1.15 million, sparking suspicions of insider trading. This user not only correctly predicted d4vd's victory—who had only a 0.2% chance at the time—but also accurately judged the defeat of popular candidates such as Pope Leo XIV and Trump.
Afterwards, the user immediately changed their nickname, adding to the mystery. Veteran Polymarket user Car questioned on the X platform: “This is basically an internal employee making extra money.” However, some believe that insider trading is a feature of such platforms rather than a flaw, making prediction markets more closely reflect real probabilities.