Unexpected Surge in Nobel Peace Prize Betting Raises Insider Trading Concerns
Venezuelan opposition leader Maria Corina Machado saw a dramatic spike in Polymarket's Nobel Peace Prize odds just before the official announcement, sparking insider trading speculation. The decentralized prediction platform, known for reflecting collective intelligence, suddenly positioned Machado as a top contender despite her initially low odds.
Polymarket's markets have become a reliable sentiment gauge for global events, but this incident highlights vulnerabilities to information leaks. Prediction markets now face renewed scrutiny about privileged data exploitation—a recurring challenge for blockchain-based forecasting platforms.