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Nobel Peace Prize Organizers Probe Insider Trading on Polymarket
Nobel Peace Prize Organizers Probe Insider Trading on Polymarket
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2
BTCCSquare news:
Norwegian authorities are investigating potential insider trading linked to the Nobel Peace Prize announcement on Polymarket, a decentralized predictions platform. Suspicious betting activity preceded the award to Venezuelan opposition leader Maria Corina Machado.
Polymarket, which gained prominence during the 2024 U.S. elections, allows users to wager on political and market events. A single $68,117 bet favoring Machado raised red flags, prompting scrutiny of possible information leaks.
The probe highlights growing regulatory attention on crypto-based prediction markets. Polymarket's role in major event wagering continues to test the boundaries of decentralized finance applications.
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