{"id":1528,"date":"2026-01-08T15:18:51","date_gmt":"2026-01-08T15:18:51","guid":{"rendered":"https:\/\/sosahustle.com\/blog\/2026\/01\/08\/polymarket-user-profits-and-disappears-after-big-maduro-bet\/"},"modified":"2026-01-08T15:18:52","modified_gmt":"2026-01-08T15:18:52","slug":"polymarket-user-profits-and-disappears-after-big-maduro-bet","status":"publish","type":"post","link":"https:\/\/sosahustle.com\/blog\/2026\/01\/08\/polymarket-user-profits-and-disappears-after-big-maduro-bet\/","title":{"rendered":"Polymarket User Profits And Disappears After Big Maduro Bet"},"content":{"rendered":"

Introduction to the Controversy Surrounding Polymarket<\/h2>\n

A Polymarket account that earned about $400,000 from a controversial and well-timed bet on the capture of then-Venezuelan President Nicol\u00e1s Maduro is no longer accessible on the platform. The Polymarket page for account \u201c0x31a56e,\u201d which placed about $32,000 on Maduro\u2019s removal as president just before news emerged of his capture by US military and law enforcement, now returns a dead link, Cointelegraph has confirmed.<\/p>\n

As of Thursday about 1:00 p.m. UTC, the page showed an error saying \u201cOops\u2026 we didn\u2019t forecast this,\u201d while other users\u2019 pages remain accessible. The development comes amid growing concern in the crypto community over high-profile bets and unusual trading activity on prediction markets.<\/p>\n

Source: Polymarket<\/p>\n

Account Activity and Winnings<\/h2>\n

The Polymarket account in question placed a series of related wagers on Polymarket, according to data available on Wayback Machine. Along with the bet on Maduro\u2019s ouster, the user placed bets on US forces being in Venezuela by Jan.\u202f31, the US \u201cinvading Venezuela\u201d by Jan.\u202f31 and on whether US President Donald Trump would \u201cinvoke War Powers\u201d against Venezuela by Jan.\u202f31.<\/p>\n

<\/p>\n

Source: Wayback Machine<\/p>\n

The account\u2019s corresponding address on the Polygon blockchain received about $436,700 in USDC (USDC) from the Polymarket CTF Exchange on Jan. 3 at 1:41 pm UTC. Hours later, $437,800 of USDC left the address at 11:54 pm\u202fUTC.<\/p>\n

Concerns Over Insider Trading and Transparency<\/h2>\n

Polymarket did not immediately respond to Cointelegraph\u2019s request for comment on whether the account had been deliberately deactivated, if the issue was a platform glitch or if the user had deleted their profile. The company has not issued a public statement on the matter. Polymarket\u2019s privacy policy says users can request that the platform delete or return all personal data, including copies and backups.<\/p>\n

As mentioned, there are growing concerns over insider trading and transparency in prediction markets, even beyond the crypto community. Some US lawmakers, including Representative Ritchie Torres, have backed legislation aimed at curbing insider trading on such platforms.<\/p>\n

<\/p>\n

Source: Lookonchain<\/p>\n

The news comes as a separate trader with an account boasting a reported 100% win rate placed bet on the US striking Iran by the end of January on Polymarket, further fueling scrutiny of insider activity among industry observers.<\/p>\n

Smart Tip for Readers<\/h2>\n

To stay informed about developments in the crypto and prediction markets space, it’s essential to follow reputable sources and fact-check information before making any decisions. For more information on this story, visit Here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Introduction to the Controversy Surrounding Polymarket A Polymarket account that earned about $400,000 from a controversial and well-timed bet on the capture of then-Venezuelan President Nicol\u00e1s Maduro is no longer accessible on the platform. The Polymarket page for account \u201c0x31a56e,\u201d which placed about $32,000 on Maduro\u2019s removal as president just before news emerged of his […]<\/p>\n","protected":false},"author":1,"featured_media":1529,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/f=auto,onerror=redirect,w=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2026-01\/019b9d95-39a7-7595-a315-b915fa90ade9.jpg","fifu_image_alt":"","footnotes":""},"categories":[13],"tags":[],"class_list":{"0":"post-1528","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-crypto"},"_links":{"self":[{"href":"https:\/\/sosahustle.com\/blog\/wp-json\/wp\/v2\/posts\/1528","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sosahustle.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sosahustle.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sosahustle.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sosahustle.com\/blog\/wp-json\/wp\/v2\/comments?post=1528"}],"version-history":[{"count":1,"href":"https:\/\/sosahustle.com\/blog\/wp-json\/wp\/v2\/posts\/1528\/revisions"}],"predecessor-version":[{"id":1530,"href":"https:\/\/sosahustle.com\/blog\/wp-json\/wp\/v2\/posts\/1528\/revisions\/1530"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sosahustle.com\/blog\/wp-json\/wp\/v2\/media\/1529"}],"wp:attachment":[{"href":"https:\/\/sosahustle.com\/blog\/wp-json\/wp\/v2\/media?parent=1528"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sosahustle.com\/blog\/wp-json\/wp\/v2\/categories?post=1528"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sosahustle.com\/blog\/wp-json\/wp\/v2\/tags?post=1528"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}