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    Nobel Peace Prize Betting Market Faces Critical Examination: New Report Revealed

    wsjcryptoBy Nessun commento2 Mins Read

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    Norwegian authorities have allegedly initiated an inquiry into prediction platforms’ wagers on 2025 Nobel Peace Prize laureate María Corina Machado, considering the matter as potential espionage.

    As per a Bloomberg article on Monday, the Norwegian Nobel Institute, the organization that supports the Nobel Committee in determining the peace prize honoree, commenced investigating claims that wagers on the prediction platform Polymarket skyrocketed in the hours preceding the announcement of Machado as the victor.

    Authorities are reportedly still investigating whether an individual “managed to obtain confidential information and profited significantly from it,” according to the director of the institute, Kristian Berg Harpviken.

    Information from Polymarket indicated that one user operating under the alias “dirtycup” earned over $30,000 after placing approximately $70,000 in bets on Machado. Bloomberg noted that three accounts which mainly made similar wagers gained about a total of $90,000.

    Source: Polymarket

    Machado was awarded the peace prize for her advocacy of democracy in Venezuela through her role as a human rights advocate. In 2024, she hailed Bitcoin (BTC) as “a lifeline” amid hyperinflation in the nation, as some residents utilized it “to safeguard their assets and fund their escape.”

    Related: MetaMask to allow users to wager on politics and sports via Polymarket

    Polymarket, which was established in 2020, has emerged as a platform for numerous crypto enthusiasts to wager on various outcomes, ranging from the Nobel Prize to best-selling music albums. Last week, the parent organization of the New York Stock Exchange, Intercontinental Exchange (ICE), invested $2 billion in Polymarket ahead of a speculated US launch.

    Targeted by the media and US regulators

    Prediction markets have recently come under scrutiny from the animated series South Park, which satirized platforms like Polymarket and Kalshi along with the US regulators tasked with supervising them. Perhaps ironically, several predictions made on the show ended up being featured on Polymarket.