A certain new wallet's bet on Maduro was captured with a profit of $400,000. Insider address suspected to be Trump’s friend WLFI co-founder

Cryptocurrency Prediction Market Polymarket Faces Major Insider Trading Allegations. Blockchain tracking platform Lookonchain revealed that three mysterious wallets placed large bets on Nicolás Maduro’s resignation just hours before the Venezuelan president’s arrest, profiting up to $630,000. This incident has sparked market doubts about insider information leaks, highlighting transparency and regulatory challenges in prediction markets.

Is Insider Trading a Fact or a Trap for Retail Investors?

According to Lookonchain’s analysis, these three wallets were created days ago and funded in advance, yet suddenly acted just before Maduro’s arrest. They only bet on events related to Venezuela and Maduro, with no other betting records, indicating high targeting and suspected operation based on insider information.

Involved Wallets:

0x31a5: Invested $34,000, profit of $409,900.

0xa72D: Invested $5,800, profit of $75,000.

SBet365: Invested $25,000, profit of $145,600.

Lookonchain stated: “These three wallets only bet on events related to Venezuela and Maduro, with no other history. This is a clear case of insider trading.” The article quickly sparked online discussion, with some joking that this is “cryptocurrency accelerating human greed,” and others calling for tracking the source of funds to investigate possible government or media connections.

Insider trading has always been a core topic in prediction markets. Some believe it helps uncover facts, while others worry: if it’s all insider info, how can retail investors dare to play?

Is the Insider Address Related to Trump’s Middle East Envoy?

Researcher @Andrey_10gwei conducted an in-depth investigation into the $400,000 profit wallet 0x31a5. He found that this address received funds via two addresses, 0x9c7 and 2i7HJ. Besides transferring funds from Coinbase and depositing into Polymarket, there are no other transaction records.

He discovered that the second wallet (2i7HJJ) received 252.39 SOL from Coinbase at 23:53 on January 1 (UTC). By investigating all deposits into Coinbase within the previous day, he found a record matching 99%. The wallet BCcTr ( registered several ENS domains, including STVLU.SOL and StCharles.SOL), and deposited 252.91 SOL into Coinbase at 00:48 on January 1, via a deposit address, about 23 hours before the insider address was used.

This BCcTr wallet’s first fund transfer was from ES6Si (-registered domain solhundred.sol). Further investigation revealed that this address had a transaction amount of up to $11 million with the address 22Tqm, which is associated with the domain stevencharles.sol, indicating some connection.

Steven Charles is a real estate billionaire, Trump’s Middle East envoy, and co-founder of WLFI. His son, Alex Witkoff, and Zach Witkoff are co-founders of Trump’s private club, the Executive Branch, with close ties.

(MAGA Elite Private Club: Trump’s eldest son’s Executive Branch, is $500,000 the threshold for remuneration? )

Foreign media reports: Democratic Congressman proposes legislation to ban insider trading

Punchbowl News founder Jake Sherman disclosed that New York Democratic Congressman Ritchie Torres plans to introduce the “2026 Financial Prediction Market Public Integrity Act,” which reportedly states:

This bill prohibits federal elected officials, political appointees, and executive branch employees from participating in certain prediction market contracts if they possess material non-public information related to trading, or can reasonably obtain such information through their official duties. This restriction applies to platforms operating across states that buy, sell, or exchange prediction contracts related to government policies, actions, or political outcomes.

However, this news has not yet been confirmed by official sources or mainstream media.

This article about a new wallet betting on Maduro’s arrest and profiting $400,000, with insider addresses suspected to be associated with Trump ally WLFI, first appeared on Chain News ABMedia.