{"id":16964,"date":"2025-10-13T19:54:41","date_gmt":"2025-10-13T17:54:41","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=16964"},"modified":"2025-10-13T19:54:41","modified_gmt":"2025-10-13T17:54:41","slug":"nobel-peace-prize-betting-market-faces-critical-examination-new-report-revealed","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/10\/13\/nobel-peace-prize-betting-market-faces-critical-examination-new-report-revealed\/","title":{"rendered":"Nobel Peace Prize Betting Market Faces Critical Examination: New Report Revealed"},"content":{"rendered":"

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Norwegian authorities have allegedly initiated an inquiry into prediction platforms\u2019 wagers on 2025 Nobel Peace Prize laureate Mar\u00eda Corina Machado, considering the matter as potential espionage.<\/p>\n

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<\/a> claims that wagers on the prediction platform Polymarket skyrocketed in the hours preceding the announcement of Machado as the victor. <\/p>\n

Authorities are reportedly still investigating whether an individual \u201cmanaged to obtain confidential information and profited significantly from it,\u201d according to the director of the institute, Kristian Berg Harpviken. <\/p>\n

Information from Polymarket indicated<\/a> that one user operating under the alias \u201cdirtycup\u201d 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.<\/p>\n

Source: <\/em>Polymarket<\/em><\/a><\/figcaption><\/figure>\n

Machado was awarded the peace prize<\/a> for her advocacy of democracy in Venezuela through her role as a human rights advocate. In 2024, she hailed Bitcoin (BTC<\/a>) as \u201ca lifeline\u201d amid hyperinflation in the nation, as some residents utilized it \u201cto safeguard their assets and fund their escape.\u201d<\/p>\n

Related: <\/strong><\/em>MetaMask to allow users to wager on politics and sports via Polymarket<\/strong><\/em><\/a><\/p>\n

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<\/a> in Polymarket ahead of a speculated US launch.<\/p>\n

Targeted by the media and US regulators<\/h2>\n

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