Nobel Peace Prize Organizers Probe Polymarket for Insider Trading Activity

Nobel Peace Prize organizers are investigating suspicious betting patterns on crypto prediction platform Polymarket surrounding this year's award announcement. Venezuelan opposition leader María Corina Machado's odds surged from 1% to 73% within hours before her victory was declared, with one trader netting $80,000.

The $21.4 million market exhibited unusual volatility when Machado's probability spiked 11 hours ahead of the official announcement. While Nobel Institute rules prohibit insider trading, decentralized prediction markets like Polymarket often tolerate such activity as a mechanism for price discovery.

This incident highlights growing convergence between traditional institutions and blockchain-based prediction platforms. The Nobel Foundation's response may set precedents for how established organizations interact with decentralized finance protocols.