Insider Trading
A mysterious bettor on the prediction platform Polymarket made over $400,000 by wagering on the U.S. invasion of Venezuela and the removal of President Nicolás Maduro. The successful bets, placed just before a U.S. military operation captured Maduro, have raised concerns about potential insider trading using classified information. Authorities are now scrutinizing the platform's role in such high-stakes predictions.
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Federal investigations into NBA insider betting have led to arrests of key figures including Terry Rozier and Chauncey Billups. The scandal highlights vulnerabilities in sports betting, prompting calls for stricter regulations in states like Massachusetts and Michigan. Experts warn of broader public health risks tied to legalized wagering.