Imagine a world where knowing the ending of a mystery novel before you’ve even cracked the spine not only ruins the fun for everyone else but also lines your pockets with $1.2 million. Welcome to Polymarket, where eight out of the top ten earners are basically the crypto version of that friend who spoils the movie before the opening credits.
These geniuses-let’s call them the “Axiom Avengers”-reportedly cashed in big time by betting on ZachXBT’s insider trading investigation. Early access to the plot twist? Check. Moral compass? Apparently optional.
Why it matters (because, let’s face it, we all love a good scandal):
- Insider trading on decentralized platforms is like bringing a knife to a gunfight-except the gunfight is a game of bingo, and everyone else is playing with blindfolds on.
- 52 addresses lost between $10,000 and $100,000+, totaling over $1.6 million in losses. Think of it as a very expensive lesson in “maybe don’t bet against people who already know the answer.”
- Regulators are now scratching their heads, wondering how to police a Wild West where the only rule is “no rules.” Spoiler alert: it’s not going well.
The juicy details (because who doesn’t love a good receipt?):
- Lookonchain spotted 12 wallets that made a cool $1.02 million. Turns out, crime-or at least, questionable ethics-does pay.
- One address,
0x1d9af60c679cd0b577c3c4ccb4b1a4be4174426d(aka predictorxyz), raked in $411,600 by betting exclusively on the Axiom market. Talk about putting all your eggs in one very lucrative basket. - Two other insiders made $354,000 and $144,000, respectively. Apparently, one market is all you need when you’ve got the inside scoop.
- WuBlockchain confirmed that 3,630+ addresses bet on the Axiom market, with 56.2% ending up profitable. The rest? Well, they’re probably writing angry tweets right now.
- This whole fiasco is like a bad rerun of traditional securities markets, where front-running is the name of the game. Only now, it’s blockchain-enabled and slightly more embarrassing.
- ZachXBT’s exposé proved that on-chain transparency is a double-edged sword: it exposes the truth but also hands the knife to the people who know how to wield it.
- Decentralized prediction markets are like a game of musical chairs where the music never stops, and the chairs are on fire. Insider trading rules? What are those?
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2026-02-27 12:36