Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Nobel Peace Prize organizers probing insider trading on Polymarket

Nobel Peace Prize organizers probing insider trading on Polymarket

Crypto.NewsCrypto.News2025/10/09 16:00
By:By Benson TotiEdited by Jayson Derrick

Norwegian authorities are investigating a potential insider trading incident related to the Nobel Peace Prize on Polymarket.

Summary
  • Nobel Peace Prize insider trading probe underway in Norway.
  • Investigation relates to suspicious activity on predictions marketplace Polymarket.
  • Venezuelan opposition leader Maria Corina Machado received the 2025 Nobel Peace Prize.

Organizers of the Nobel Peace Prize, which announced its winner as Venezuelan opposition leader Maria Corina Machado, have been alerted to unusual betting activity favoring Machado as the winner.

The potential insider trading happened on Polymarket, a decentralized predictions marketplace that hit international headlines during the U.S. presidential elections in 2024. Users on the platform can place bets on various events, including politics, sports, and markets.

Nobel Peace Prize insider trading on Polymarket?

Per a Bloomberg report , the activity witnessed in the hours leading to the Nobel Peace Prize winner being announced has prompted a probe in Norway.

Authorities are looking into whether insiders tapped into privileged information to profit from the announcement made earlier on Friday. Polymarket Whales, an account that tracks unusual activity on the platform, posted about the incident late Thursday.

A Polymarket trader @​dirtycup just parked $68,117 in a single YES bet on María Corina Machado for the 2025 Nobel Peace Prize. No other markets, no hedging—just laser focus on one name.

Either @​dirtycup knows something from Oslo, or that's the wildest fan club ever. pic.twitter.com/wAzn1nbmYQ

— Polymarket Whales (@PolyWhaleWatch) October 10, 2025

Odds of Machado win soared to 70% within hours

Notably, details show trading activity on bets picking Machado flared about 11 hours to the announcement. Odds of Machado winning on the predictions platform had jumped from under 2% to well over 70% in the hours ahead of her victory.

Since the bet opened in July, odds hovered below the 2% line, with fluctuations to near zero. But on Thursday, October 9, 2025, the market saw an unprecedented spike in activity. Odds shot up to 43% by around 1:00 a.m. local time, and then climbed to over 70% within the next hour.

The Nobel Peace Prize committee is tasked with keeping the identity of the winner under wraps. But it appears individuals with privileged information used it to make up to $90,000 in profit.

Suspected insider activity might have helped an account created in the past 10 days make money.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Bitcoin Updates Today: Bitcoin's Sharp Drop Ignites Debate—Is This a Bear Market or a Fundamental Change?

- Bitcoin fell below $90,000, sparking debates over a prolonged bear market or rebound potential amid critical support levels. - ETF outflows ($492M in Bitcoin ETFs) and a $19B October deleveraging event highlight waning investor confidence and systemic selling pressure. - Technical indicators (RSI at 28, Fear & Greed Index at 15) and backwardation in futures signal extreme fear but potential oversold conditions. - Analysts split between structural maturity (Frontier Investments) and long-term bearish tren

Bitget-RWA2025/11/20 21:28
Bitcoin Updates Today: Bitcoin's Sharp Drop Ignites Debate—Is This a Bear Market or a Fundamental Change?