Polymarket Trader Makes $1 Million on Google Search Bets, Sparking Insider Trading Fears
A Polymarket dealer has earned practically $1 million by putting suspiciously correct bets on Google’s 2025 Year in Search rankings, sparking heated debate about insider buying and selling on prediction markets.
The pockets deal with “0xafEe” (beforehand “AlphaRaccoon”) netted practically $1 million by accurately predicting practically each end result in Google search development markets.
Why Community is Suspicious of AlphaRaccoon
The dealer purchased “Yes” shares on d4vd, a 20-year-old singer given only a 0.2% probability of being probably the most searched particular person of 2025, turning a $10,647 wager into practically $200,000. The actual cash got here from betting “No” on favorites like Pope Leo XIV, Bianca Censori, and Donald Trump.
According to Meta engineer Jeong Haeju, who uncovered the state of affairs on X, the dealer achieved a 22-for-23 success charge on Google search predictions. Public blockchain information exhibits the pockets deposited $3 million into Polymarket final Friday and instantly started putting massive bets. The similar account beforehand received over $150,000 by accurately predicting the precise Gemini 3.0 Flash launch date.
“This isn’t a fortunate streak. He beforehand made $150K+ predicting the early launch of Gemini 3.0 earlier than outcomes have been out. At this level it’s apparent: He’s a Google insider milking Polymarket for fast cash,” Haeju said.
However, there’s no affirmation that the dealer is definitely a Google insider. The allegations stay neighborhood hypothesis primarily based on the weird successful streak.
Insider Trading: Feature or Bug?
The incident has divided the crypto neighborhood. Some argue that prediction markets are designed particularly for insider buying and selling, creating monetary incentives to share privileged info with the market.
“The motive for prediction markets to exist is insider buying and selling. In shares it’s prohibited, with predictions it’s endorsed. It’s designed to be like this,” X person WiiMee said
The controversy arises as Polymarket officially relaunched in the United States this week after receiving CFTC approval. The platform introduced Wednesday that its iOS app is now rolling out to waitlisted customers, beginning with sports activities markets.
Polymarket processed over $3.7 billion in buying and selling quantity in November 2025. The platform obtained a large increase when Intercontinental Exchange (ICE), mum or dad firm of the NYSE, invested up to $2 billion in October, valuing Polymarket at roughly $9 billion. Recent studies counsel the corporate is now seeking additional funding at a $12 billion valuation.
Chief Marketing Officer Matthew Modabber confirmed the platform will launch its native POLY token together with an airdrop for customers, although not instantly.
“We may have launched a token every time we wished, however we wish it to be with true utility, longevity, and to be round endlessly,” Modabber stated.
The token launch is anticipated to happen in 2026, following the stabilization of the US platform.
For Polymarket, which faced scrutiny over alleged manipulation through the 2024 presidential election, the way it handles insider info may outline its regulatory future. The Google search markets saga serves as a check case for whether or not prediction markets are environment friendly info aggregators or insider revenue machines.
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