Crypto World
Aave labs proposes ‘Aave Will Win’ plan to send 100% of product revenue to DAO
Aave Labs has introduced a new governance proposal that would shape the next chapter of one of crypto’s largest lending platforms, and send all revenue from Aave-branded products back to its community treasury.
The proposal, called “Aave Will Win,” asks the Aave DAO to approve a broader strategy built around its upcoming V4 upgrade. If passed, the plan would make V4 the foundation for Aave’s future development and formalize a structure in which 100% of revenue from products built by Aave Labs flows directly to the DAO.
The AAVE token has gained about 2% on the news even as the broader crypto market is selling off heavily on Thursday.
In simple terms, that means any money generated from Aave-branded apps, institutional offerings or enterprise tools would go back to the community-controlled treasury rather than to the development company itself.
“The framework formalizes Aave Labs’ role as a long-term contributor to the Aave DAO under a token-centric model, with 100% of product revenue directed to the DAO,” said Stani Kulechov, Founder of Aave Labs, in a press release shared with CoinDesk. “As onchain finance enters a decisive new phase, with fintechs and institutions entering DeFi, this framework positions Aave to capture major growth markets and win over the next decade.”
The proposal arrives against a backdrop of discord within the Aave community over control of the protocol’s brand and key assets. In late 2025, community members became sharply divided over whether the DAO or Aave Labs should control trademarks, domains, social accounts and other branded assets, with critics arguing that concentrated control by Labs risked undermining the spirit of decentralization. That fight highlighted wider tensions over how much influence founding teams should retain once a protocol becomes decentralized
Aave is already one of the largest decentralized lending protocols in crypto, allowing users to borrow and lend digital assets without relying on traditional banks. The new proposal is designed to help the protocol compete as more fintech companies and financial institutions explore blockchain-based products.
At the center of the plan is Aave V4, a major software upgrade intended to make it easier to launch new markets and financial products on top of the protocol. Rather than requiring major changes to the core system each time something new is introduced, V4 is designed to make expansion faster and more flexible while maintaining security.
The proposal also introduces the idea of launching separate markets with different risk and revenue structures. This could allow Aave to support specialized use cases, including institutional participation, without affecting the broader protocol.
A key part of the framework is a shift in how revenue flows to the DAO. Currently, Aave primarily earns income from lending activity. Under the proposal, revenue from additional Aave Labs-built products, such as user interfaces and institutional services built around the protocol, would also be directed to the DAO treasury. The goal is to diversify income and more closely align product development with token holder incentives.
The proposal further calls for the creation of a dedicated foundation to hold and protect Aave’s brand and trademarks, since decentralized organizations cannot directly own intellectual property. More details on that structure would be introduced in a follow-up vote.
If approved, additional proposals will outline how V4 will be activated and how funding will be structured. Taken together, the framework signals Aave’s ambition to evolve from a leading DeFi lending protocol into a broader piece of global financial infrastructure governed by its DAO.
Read more: ‘Most important tokenholder rights debate’: Aave faces identity crisis
TLDR
- SEC Chair Paul Atkins is under scrutiny for pausing the case against Justin Sun.
- Democratic lawmakers question whether political ties influence the SEC’s enforcement decisions.
- The SEC’s overall legal actions dropped by 30% in 2025, with a 60% decline in crypto-related cases.
- Paul Atkins defends the SEC’s approach, emphasizing a balanced enforcement strategy.
- Lawmakers express concerns about the SEC’s decision to drop high-profile crypto cases like Binance and Ripple.
The U.S. Securities and Exchange Commission (SEC) Chair, Paul Atkins, is facing increased scrutiny from lawmakers regarding the agency’s shifting approach to cryptocurrency regulation. At a House Financial Services Committee hearing, lawmakers questioned his leadership as the SEC’s enforcement actions have slowed. The hearing focused on the SEC’s decision to pause the case against Tron founder Justin Sun, amid concerns about political connections and the agency’s declining crypto-related actions.
Paul Atkins Faces Lawmaker Scrutiny Over Enforcement Shifts
During the hearing, Democratic lawmakers voiced concerns about the SEC’s decision to pause the case against Justin Sun, founder of Tron. Representative Maxine Waters questioned whether industry ties to former President Donald Trump influenced the agency’s enforcement actions. She also pointed to the broader decline in enforcement efforts after Trump took office, and new leadership under Paul Atkins was appointed to the SEC in 2025.
Waters specifically referenced the SEC’s 2023 lawsuit against Sun. The lawsuit accused him of organizing the unregistered sale of crypto securities related to the TRX and BTT tokens and manipulating trading volumes. However, in February 2025, the SEC requested that a federal court pause the case. Since then, Sun has emerged as a prominent financial backer of Trump-affiliated crypto ventures.
SEC Chair Defends Reduced Enforcement in Cryptocurrency Cases
Atkins defended the SEC’s approach, asserting that the agency continues to pursue a robust enforcement effort. He emphasized that the SEC is still active in bringing cases against violators, but the total number of actions has dropped. According to Cornerstone Research, the SEC’s overall legal actions fell 30% in 2025, with crypto-related cases dropping by 60%.
When asked about the SEC’s leniency toward some high-profile crypto cases, including those involving Binance, Ripple, Coinbase, Kraken, and Robinhood, Atkins responded cautiously. He declined to discuss specific cases, citing confidentiality concerns. However, he did reiterate his commitment to a balanced approach in overseeing the cryptocurrency market.
Lawmakers Raise Concerns About SEC’s Crypto Enforcement Priorities
Lawmakers were quick to question the SEC’s decisions to drop several high-profile cases against major players in the crypto industry. The SEC dismissed its lawsuit against Binance in May 2025, which had accused the company of offering unlicensed services and misleading investors about its trading controls. The agency also ended litigation involving Ripple, Coinbase, and other firms linked to the crypto industry.
Representative Stephen Lynch expressed frustration, asking how such high-profile cases could end without any enforcement actions. He emphasized the reputational damage the SEC has suffered due to these decisions. Despite these concerns, Paul Atkins maintained that the agency’s overall strategy is focused on ensuring market integrity while maintaining flexibility in enforcement.
Coinbase reported a net loss of $667 million in the fourth quarter of 2025, snapping the crypto exchange’s eight-quarter straight streak of profitability.
In its Q4 earnings released on Thursday, Coinbase said its earnings per share came in at 66 cents, which missed analyst expectations of 92 cents per share by 26 cents.
The company said its net revenue fell 21.5% year-on-year to $1.78 billion, falling short of analyst expectations of $1.85 billion.
Transaction-related revenue dropped nearly 37% year-on-year to $982.7 million, while subscription and services revenue jumped more than 13% from the year prior to $727.4 million.
It’s the first net loss Coinbase has reported since the third quarter of 2023, and comes as the crypto market fell over the quarter, with Bitcoin (BTC) dropping nearly 30% from a high of $126,080 in early October to under $88,500 by Dec. 31.
Bitcoin has fallen 25.6% to $65,760 so far this year, having climbed from a crash to under $60,000 earlier this month.
Despite the earnings miss, shares in Coinbase (COIN) rose 2.9% in after-hours trading on Thursday to $145.18 after a 7.9% decline over the trading day to close at $141.1.
For its Q1 outlook, the crypto platform said that it had generated $420 million in transaction revenue as of Feb. 10 but expects its subscription and services revenue to fall from $727.4 million to the $550 million to $630 million range.
Coinbase added that 2025 was a “strong year” for the company, both operationally and financially, with its full-year 2025 revenues climbing 9.4% from 2024 to $6.88 billion.
Related: Coinbase unveils crypto wallets designed specifically for AI agents
“In 2025, more than 12% of all crypto in the world resided on Coinbase,” the company said. “We’re building and connecting more products to facilitate customers doing more with their assets.”
Coinbase chief financial officer, Aleshia Haas, told investors on an earnings call that the company plans to keep its tech, sales, and marketing expenses relatively flat in comparison in Q4.
“We are going to be nimble as we go through the year and look at the opportunities that we have ahead of ourselves versus our expenses,” she said.
Magazine: The critical reason you should never ask ChatGPT for legal advice
The company blamed it on the most recent violent correction in the crypto market.
Crypto lender BlockFills has temporarily suspended client deposits and withdrawals in response to recent market volatility and financial conditions, according to an official statement released by the firm.
The decision was taken last week as a protective measure for both clients and the company.
Suspending Client Transfers
According to the official announcement, BlockFills said that while transfers in and out of the platform are paused, clients have continued access to trading services, including the ability to open and close positions in spot and derivatives markets, as well as in select other circumstances outlined by the firm.
The suspension potentially affects around 2,000 institutional clients, such as asset managers and hedge funds. BlockFills operates exclusively with investors holding at least $10 million in crypto assets. These clients collectively generated more than $60 billion in trading volume on the platform in 2025.
BlockFills stated that its management team has been working closely with investors and clients to resolve the situation and restore platform liquidity.
“BlockFills is committed to transparency in its communications and to the protection of its clients. Management has been working hand in hand with investors and clients to bring this issue to a swift resolution and to restore liquidity to the platform. The firm has also been in active dialogue with our clients throughout this process, including information sessions and an opportunity to ask questions of senior management.”
Crypto Market Turmoil
The move comes amid a broader crypto market downturn and echoes previous periods of stress in the industry, including the 2022 collapse of FTX and other crypto lenders. Bitcoin prices began falling on October 10 following a social media post by US President Donald Trump on tariffs, which contributed to increased volatility and nearly $20 billion in liquidations across the market.
Bitcoin continued to decline in the months that followed, as it fell under $65,000, over 45% below its October highs, and reached a year-to-date low of $60,008 on February 5. Stalled US crypto legislation has also continued to weigh on market sentiment.
SECRET PARTNERSHIP BONUS for CryptoPotato readers: Use this link to register and unlock $1,500 in exclusive BingX Exchange rewards (limited time offer).
Crypto World
Asia leapfrogging the West in onchain retail use as regional hubs lead on stablecoin rules
Hong Kong — Asia is outpacing Western markets in the adoption of onchain financial services, driven by a focus on user utility and proactive regulation. While the West remains focused on institutional asset management, Asian markets are prioritizing high-frequency retail applications and cross-border trade.
During a panel discussion at Consensus Hong Kong, industry leaders highlighted how different regional dynamics shape blockchain growth. Suhan Zhao, head of APAC at Aptos Labs, noted a distinct shift toward real-world use cases. “In Asia, there is a high adoption of digital payment, and also there’s a high willingness to deploy new technology at scale,” Zhao said. She pointed to South Korea’s Lotte Group, which issued over 5 million mobile service vouchers on the Aptos network, reaching 1.3 million users in under three months.
Regulatory progress is a primary engine of this growth. Niki Ariyasinghe, vice president for Asia Pacific and Middle East at Chainlink Labs, identified Hong Kong and the United Arab Emirates as the most advanced markets for stablecoin regulation. He argued that stablecoin adoption in Asia often stems from a fundamental need for efficiency rather than speculation. “Ultimately, it’s a willingness to use a new form of payment because of the value it delivers. Ultimately, it’s cheaper, it’s quicker, or it’s more convenient at the end of the day,” Ariyasinghe said.
Small businesses engaged in international trade represent a key demographic for these digital assets. These firms use stablecoins to bypass a fragmented traditional payment infrastructure that often takes days to settle. Nick See Tong, APAC regional lead for Base, emphasized that local stablecoins remain essential for mass market penetration. “A merchant selling wonton mee on the side is not going to accept USDT, USDC or any USD stablecoin. They want Hong Kong dollars,” See Tong said.
Crypto World
ETHZilla starts offering tokenized jet engine leasing exposure through newly launched token
ETHZilla (ETHZ) has unveiled a tokenized aviation asset, marking a major step in its plan to bring income-producing real-world assets onto Ethereum.
The new offering, Eurus Aero Token I, gives accredited investors access to lease income from two commercial jet engines currently in use by a major U.S. airline, ETHZilla announced on Thursday.
The deal, run through ETHZilla’s newly formed ETHZilla Aerospace LLC subsidiary, turns a traditionally institutional asset, aircraft engine leasing, into fractional tokens.
Each $100 token represents a claim on monthly lease payments, with expected annual returns around 11%, according to the company. ETHZIlla acquired the jet engines for $12.2 million late last month.
The tokens are issued on Ethereum Layer 2s and distributed through Liquidity.io, a platform that ETHZilla has backed.
Various firms buy and lease jet engines to aircraft operators. The firms lease these engines as spares to ensure their operations can continue in case their primary engines fail. Firms including AerCap, Willis Lease, and SMBC Aero Engine Lease are involved in the business.
This marks a shift from ETHZilla’s prior focus as a crypto treasury. The company sold over $114 million in ETH last year and redirected its capital toward tokenized assets like home loans, car loans and now aerospace equipment. The firm still owns 69,802 ETH ($136.5 million).
The Eurus tokens are secured by the engines, lease contracts and insurance, with distribution built directly into the smart contracts.
The leases run through 2028 and include a buy-sell agreement that could return additional capital to investors at term’s end. ETHZilla plans to expand this model into other asset classes, the firm wrote.
Prediction platform Polymarket recently launched a new feature that lets users bet on cryptocurrency price movements every five minutes.
The event signals rising demand for real-time crypto sentiment data among traders and investors.
Sponsored
Sponsored
Real-Time Sentiment Drives Short-Term Contracts
For now, the new market is limited to Bitcoin, though support for major altcoins is expected to follow.
Price will update dynamically, in tune with market sentiment and immediate price reaction. All trades will be executed on-chain to ensure transparency and security.
The feature targets day traders and crypto enthusiasts looking for a fast-paced experience. With Bitcoin’s recent dip, price swings have grown increasingly erratic, amplifying short-term volatility.
The initiative builds on existing contracts with varying durations, ranging from 15-minute and hourly intervals to four-hour time frames. It also comes as prediction markets are seeing exponential growth in usage, with individual polls recording trading volumes in the hundreds of millions of dollars.
It also reflects growing concern that shifting attention toward these platforms could distort crypto’s core purpose and use cases.
Sponsored
Sponsored
Market Weakness Fuels Betting Activity
Among the wide range of polls offered by prediction platforms such as Polymarket and Kalshi, a significant share involves crypto bets. More specifically, many of these contracts focus on forecasting the future price of major digital assets.
Interest in these wagers has surged in recent months.
Tens of millions in trading volume have been directed toward Bitcoin’s February price alone, alongside heavily traded contracts linked to Ethereum, XRP, and Solana.
These forecasts have gained traction as the broader crypto market struggles to regain momentum. In this environment, volatility itself appears to be fueling participation, with traders using market weakness as an opportunity to place short-term bets.
While the proliferation of such polls has generated substantial trading activity, it is also drawing capital and attention away from underlying fundamentals.
Instead of sustained focus on integration or real-world use cases, crypto narratives risk shifting toward probabilities and crowd positioning.
Polymarket’s new five-minute betting feature further amplifies that dynamic.
If price-based wagering continues to attract more capital than long-term allocation, the market could increasingly revolve around price movements rather than durable value creation.
TLDR
- Crypto PAC Fairshake has launched a $1.5 million ad campaign against Texas Democrat Al Green in the primary race.
- Fairshake is targeting Green due to his opposition to cryptocurrency policies and his critical stance on digital assets.
- The PAC aims to replace Green with Christian Menefee, who has a favorable position on blockchain technology.
- Fairshake has committed to supporting candidates who advocate for crypto-friendly legislation across both political parties.
- The PAC also plans to spend $5 million to support U.S. Representative Barry Moore in the Alabama Senate primary.
Crypto PAC Fairshake has launched a $1.5 million ad campaign against Texas Democrat Al Green. The PAC is seeking to influence Green’s bid for re-election, aiming to replace him with a candidate more favorable to cryptocurrency policies. Green, a senior Democrat on the House Financial Services Committee, has long criticized cryptocurrency’s potential risks to the financial system.
Fairshake Launches Attack Ads Against Green
Fairshake’s $1.5 million ad campaign against Al Green represents the PAC’s first major move in Texas this election cycle. Green, who represents a newly redrawn Texas district, has been vocal in opposing crypto legislation. The PAC, which has access to a $193 million war chest, intends to influence Green’s primary contest, which includes rising Democratic challenger Christian Menefee.
Green’s stance on cryptocurrency has earned him an “F” grade from Stand With Crypto, a group that tracks lawmakers’ positions on digital assets. The Texas representative has frequently warned of the potential dangers cryptocurrencies pose to investors and the broader economy. Fairshake aims to elect lawmakers more supportive of crypto by opposing incumbents like Green, who resist industry-friendly policy changes.
Protect Progress Super PAC Supports Menefee
Christian Menefee, Green’s primary challenger, has taken a more favorable stance on blockchain technology. His position has earned him an “A” grade from Stand With Crypto, which is supporting him as a pro-crypto candidate. Protect Progress, the super PAC affiliated with Fairshake, has voiced its commitment to backing candidates who support cryptocurrency innovation.
Menefee’s recent victory in a special election has put him in a strong position as he competes against Green for the newly drawn district seat. Texas’ primaries are scheduled for next month, setting the stage for a crucial race between Green and Menefee. Fairshake believes Menefee’s support for crypto will help drive economic growth in the state and beyond.
Fairshake’s involvement in congressional elections this cycle goes beyond the Green-Menefee race. The PAC has also pledged $5 million to support U.S. Representative Barry Moore of Alabama, a Republican who is pro-crypto. Moore faces a competitive Senate primary in Alabama, and Fairshake aims to boost his candidacy to further its cryptocurrency-friendly agenda.
The PAC’s strategy involves supporting candidates across both parties who are aligned with the crypto industry’s goals. Fairshake’s ads focus on broader political messages rather than crypto-specific policies, ensuring that they remain independent from candidates’ campaigns.
TLDR
- Coinbase users are currently unable to buy, sell, or transfer cryptocurrencies due to a significant service disruption.
- The outage has impacted essential trading and transaction functions, leaving many users unable to manage their crypto holdings.
- Coinbase confirmed that internal teams are investigating the issue and working to restore full service as quickly as possible.
- The disruption comes at a difficult time for Coinbase, with many users reporting failed transactions during active market conditions.
- Coinbase has advised users to monitor its official channels for real-time updates as the company works on resolving the issue.
Coinbase users are experiencing a major disruption that prevents them from buying, selling, or transferring cryptocurrencies. The issue has significantly impacted the platform’s ability to process essential transactions. The company confirmed that its internal teams are investigating the problem and working to restore full service as quickly as possible.
Coinbase Struggles with Trading and Transaction Failures
The service disruption has disrupted key functions, including the ability to place orders or move funds. Many users have reported failed transactions, restricting access to their accounts during active market conditions. This issue has led to a wave of complaints from users who are unable to manage their crypto holdings effectively.
“We are aware of the current issues affecting users’ ability to trade and transfer funds,” Coinbase said in a statement.
The company added that its technical team is investigating the root cause of the problem, and users are advised to stay updated through the platform’s official channels. Coinbase has not yet shared any specific technical details about what caused the disruption.
Ongoing Investigation and User Impact
As of now, the cause of the outage remains unclear. Coinbase has promised to resolve the issue, though no specific timeline has been provided for full restoration of services. The disruption comes at a challenging time for the company, with users actively trading in volatile market conditions.
This service failure has left many users unable to execute trades or manage their portfolios. During periods of heightened market activity, such interruptions can result in substantial inconvenience and financial loss for traders. Coinbase’s response will be closely scrutinized as it works to regain user trust.
Market and Company Impact
The timing of the outage also raises concerns about Coinbase’s operational reliability. The company is already under pressure due to the broader weakness in the digital asset market. This outage may further damage its reputation, especially among institutional investors who rely on reliable platforms for trading.
In the wake of the disruption, Coinbase has advised users to monitor its status page for updates. Although the company has not provided details on when the issue will be resolved, it remains committed to restoring services as soon as possible.
Crypto World
Coinbase’s Armstrong, Ripple’s Garlinghouse among familiar crypto execs in U.S. CFTC advisory group
The U.S. Commodity Futures Trading Commission, which is set to be a leading regulator of the crypto markets, has named some of the crypto sector’s most prominent executives as members of its newly established Innovation Advisory Committee, including the CEOs of Coinbase, Ripple, Robinhood and Uniswap Labs.
The 35-member committee will steer the U.S. derivatives regulator on the needs of firms at the center of financial innovation, and to fill some of its number, the agency had repurposed a previous CEO council established at the end of last year before the arrival of CFTC Chairman Mike Selig.
“By bringing together participants from every corner of the marketplace, the IAC will be a major asset for the Commission as we work to modernize our rules and regulations for the innovations of today and tomorrow,” Selig said in a statement.
While the earlier group already included members such as Gemini CEO Tyler Winklevoss, Kraken Co-CEO Arjun Sethi and Polymarket CEO Shayne Coplan, the much larger committee adds several more crypto CEOs and the top executives of FanDuel and DraftKings. Additionally, the advisers will include the leaders of many of the more traditional companies and organizations, such as the chief executives of Nasdaq, CME Group, Cboe Global Markets, Futures Industry Association (FIA) and International Swaps and Derivatives Association (ISDA).
Other new names among the 35 are Chris Dixon of a16z Crypto, Anatoly Yakovenko of Solana Labs, Peter Mintzberg of Grayscale, Sergey Nazarov of Chainlink Labs and Alana Palmedo of Paradigm. Tom Farley, the CEO of Bullish, CoinDesk’s parent company, is also a member.
Selig recently announced a crypto agenda his agency is pursuing alongside the Securities and Exchange Commission, having formally joined with the SEC’s Project Crypto.
The CFTC’s advisory committee is listed below (* denotes earlier council membership):
- Hayden Adams, CEO, Uniswap Labs
- Brian Armstrong, CEO, Coinbase
- Andrej Bolkovic, CEO, Options Clearing Corporation
- Thomas Chippas, CEO, Rothera Markets
- Shayne Coplan, CEO, Polymarket *
- Professor Harry Crane, Representative
- Chris Dixon, General Partner, a16z Crypto
- Craig Donohue, CEO, Cboe Global Markets *
- Terry Duffy, Chair & CEO, CME Group *
- Tom Farley, CEO, Bullish *
- Adena Friedman, Chair & CEO, Nasdaq *
- Brad Garlinghouse, CEO, Ripple
- Christian Genetski, President, FanDuel
- Luke Hoersten, CEO, Bitnomial *
- Frank LaSalla, President & CEO, Depository Trust and Clearing Corporation
- Walt Lukken, CEO, FIA
- Tarek Mansour, CEO, Kalshi *
- Kris Marszalek, CEO, Crypto.com *
- Nathan McCauley, CEO, Anchorage Digital
- Peter Mintzberg, CEO, Grayscale
- Sergey Nazarov, CEO, Chainlink Labs
- Scott D. O’Malia, CEO, ISDA
- Alana Palmedo, Managing Partner, Paradigm
- Vivek Raman, CEO, Etherealize
- Professor Carla Reyes, Representative
- Jason Robins, CEO, DraftKings
- David Schwimmer, CEO, LSEG *
- Arjun Sethi, Co-CEO, Kraken *
- Peter Smith, CEO, Blockchain.com
- Vance Spencer, Co-founder, Framework Ventures
- Jeff Sprecher, CEO, Intercontinental Exchange *
- Vlad Tenev, CEO, Robinhood
- Don Wilson, CEO, DRW
- Tyler Winklevoss, CEO, Gemini *
- Anatoly Yakovenko, CEO, Solana Labs
Read More: CFTC to tap Tyler Winklevoss, other crypto CEOs as first members of innovation panel
Israel indicted two citizens for allegedly using classified information to place wagers on the prediction platform Polymarket, according to a statement made by authorities on Thursday.
The news renewed concern that prediction markets make it easier to engage in insider trading for profit.
Sponsored
Sponsored
Israeli Agencies Target Military Insider Betting Case
In a joint statement, the Israeli Defense Ministry, Israel Police, and the Shin Bet said the suspects — an army reservist and a civilian — were arrested on suspicion of placing bets on Polymarket about potential military operations.
“This was allegedly based on classified information to which the reservists were exposed through their military duties,” the statement said.
The announcement comes weeks after Israeli public broadcaster Kan News reported on the matter. The outlet said security agencies had opened an investigation into the suspected misuse of classified information within the defense establishment.
The report alleged that the information was used to place bets on Polymarket, including on the timing of Israel’s opening strike on Iran during the 12-day war in June 2025.
These platforms have seen a surge in wagers on geopolitics, crypto, politics, and sports. Although marketed as alternatives to traditional gambling, their structure closely mirrors conventional betting markets.
Users buy and sell shares tied to real-world outcomes, with prices ranging from $0.01 to $1.00 reflecting the market’s implied probability of each outcome.
Sponsored
Sponsored
Their accessibility, pseudonymity, and ease of use have also prompted concerns about potential insider trading and misconduct.
Are Prediction Markets Exploitable Profit Machines?
Since the start of the year, several incidents have emerged, raising questions about whether individuals with confidential information are using these platforms to generate substantial profits.
In early January, a cluster of newly created Polymarket accounts placed large, precisely timed wagers on contracts predicting Venezuelan strongman Nicolás Maduro would be removed from office.
These wallets netted more than $630,000 in combined profits just hours before reports of his capture broke.
A similar controversy emerged last December. A Polymarket user earned nearly $1 million by placing highly accurate bets on Google’s 2025 Year in Search rankings. The precision prompted speculation about possible insider access.
The wallet achieved an unusually high success rate, correctly predicting nearly all outcomes, including several low-probability results. However, there is no evidence confirming any internal connection.
Together, the incidents have intensified debate over the role of prediction markets. Critics question whether they function as efficient information aggregators or enable the monetization of privileged, non-public information.
James Martin to headline 21st Bolton Food and Drink Festival
40 jobs at risk at Verallia glass factories in Yorkshire
SEC Under Fire: Paul Atkins Faces Questions on Crypto Regulation Pause
Smart energy pays enters the US market, targeting scalable financial infrastructure
Software stocks enter bear market on AI disruption fear with ServiceNow plunging 10%
Wikipedia volunteers spent years cataloging AI tells. Now there’s a plugin to avoid them.
-
Politics4 days agoWhy Israel is blocking foreign journalists from entering
-
Sports6 days agoJD Vance booed as Team USA enters Winter Olympics opening ceremony
-
Business4 days agoLLP registrations cross 10,000 mark for first time in Jan
-
NewsBeat3 days agoMia Brookes misses out on Winter Olympics medal in snowboard big air
-
Tech6 days agoFirst multi-coronavirus vaccine enters human testing, built on UW Medicine technology
-
Sports23 hours agoBig Tech enters cricket ecosystem as ICC partners Google ahead of T20 WC | T20 World Cup 2026
-
Business4 days agoCostco introduces fresh batch of new bakery and frozen foods: report
-
Tech2 days agoSpaceX’s mighty Starship rocket enters final testing for 12th flight
-
NewsBeat4 days agoWinter Olympics 2026: Team GB’s Mia Brookes through to snowboard big air final, and curling pair beat Italy
-
Sports4 days agoBenjamin Karl strips clothes celebrating snowboard gold medal at Olympics
-
Sports5 days ago
Former Viking Enters Hall of Fame
-
Politics4 days agoThe Health Dangers Of Browning Your Food
-
Sports7 days ago
New and Huge Defender Enter Vikings’ Mock Draft Orbit
-
Business5 days agoJulius Baer CEO calls for Swiss public register of rogue bankers to protect reputation
-
NewsBeat6 days agoSavannah Guthrie’s mother’s blood was found on porch of home, police confirm as search enters sixth day: Live
-
Crypto World1 day agoPippin (PIPPIN) Enters Crypto’s Top 100 Club After Soaring 30% in a Day: More Room for Growth?
-
Video20 hours agoPrepare: We Are Entering Phase 3 Of The Investing Cycle
-
Crypto World2 days agoBlockchain.com wins UK registration nearly four years after abandoning FCA process
-
Crypto World3 days agoU.S. BTC ETFs register back-to-back inflows for first time in a month
-
NewsBeat4 days agoResidents say city high street with ‘boarded up’ shops ‘could be better’