Nobel Peace Prize Insider Trading probe in Norway
Norwegian authorities are investigating a possible insider trading case linked to the Nobel Peace Prize on Polymarket. The probe focuses on suspicious betting activity favoring Venezuelan opposition leader Maria Corina Machado as the 2025 winner.
Polymarket, a decentralized predictions platform, saw unusual betting patterns before the proclamation.Users can bet on various events, including politics and sports. The nobel Peace Prize commitee was alerted to this activity.
The investigation stems from a sudden surge in bets for Machado. On Polymarket,odds for Machado winning jumped from under 2% to over 70% in hours.This prompted the probe.
Polymarket Whales, an account tracking unusual activity, flagged a trader who bet $68,117 solely on Machado.The odds spiked dramatically, suggesting insider knowledge. The Nobel committee keeps the winner’s identity secret until the announcement.
Authorities are examining if insiders used privileged facts to profit. A new account may have made up to $90,000. the investigation aims to ensure fairness in such high-profile events.
