US traders make big profits betting on Maduro’s capture in January

AI Summary
Traders on prediction markets, specifically Polymarket.com, profited significantly by betting on Nicolás Maduro's capture in January. One trader seemingly invested $30,000 on Friday and gained over $436,000 by Saturday after the announcement. Data indicates a sharp increase in the implied probability of Maduro's removal from power in the hours leading up to the news. Prediction markets, where individuals bet on the outcomes of various events, have grown in popularity in the US, with increasing trading volumes. These platforms allow users to wager on binary outcomes, and have attracted attention from figures like Donald Trump Jr.
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This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).
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