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Polymarket insider trading scandal? Google engineer makes $1.2 million by betting on prediction markets, netizens: this is true AI
In the past, everyone always thought:
Programmers make the most money by joining big companies.
Now they realize that's not right.
The real way to make money is to bet while coding.
Recently, Polymarket suddenly erupted with insider trading controversy.
A Google engineer was accused of making $1.2 million by exploiting prediction markets.
Once the news broke, the entire internet was instantly buzzing.
Because this story is too much like a modern version of "The Wolf of Wall Street."
It used to be insider trading in stocks.
Now it’s about:
"Predicting the future."
The most surreal part is, prediction markets have become increasingly popular in recent years.
People used to bet on the World Cup;
Now they bet on:
Will the Federal Reserve cut or raise interest rates?
Will Trump win or not?
How much will BTC close at the end of the month?
The entire internet is gradually turning into a giant “human probability laboratory.”
And the biggest problem with Polymarket has also been exposed:
If someone knows the information in advance, will prediction markets directly turn into a “legal insider trading bureau”?
Because in theory,
Knowing the outcome and betting is like printing money.
The most outrageous thing is, after reading the news, netizens are not angry.
They are envious.
The comment section is all asking:
“Is he taking apprentices now?”
This is the biggest reality of the crypto era:
Everyone no longer believes in “slowly making money.”
Everyone wants to know the answer in advance.
But the real danger lies here.
Prediction markets should be “collective wisdom.”
But once insider information intervenes, the entire mechanism will become distorted.
Simply put:
It was originally a nationwide guessing game;
But in the end, it becomes a cash machine for a few people.
And what is the most terrifying impact of this incident?
It’s not earning $1.2 million.
But it proves:
In the future financial world, information asymmetry might be more terrifying than capital asymmetry. #24h加密合约清算破4亿美元