Polymarket trader nets over $400K as blockchain flags possible WLFI-linked wallets

Beincrypto reports that a Polymarket trader earned over $400,000 after correctly betting that Venezuelan leader Nicolás Maduro would be captured by the end of January. According to the report, the user placed just over $32,000 across four bets and won more than $400,000. On-chain analyst Andrew 10 GWEI said the Polymarket account was funded by two wallets with minimal activity that received money from Coinbase and deposited directly to the platform, and that one wallet used domain names resembling "Steven Charles," a reference some drew to Steve Witkoff, co‑founder of World Liberty Financial (WLFI) and current US envoy to the Middle East; the report notes no evidence shows Witkoff owns or controls the wallets.

Separate analysis by Lookonchain identified two additional wallets that appeared earlier, and said the insiders collectively netted $630,484 and showed trading behavior it described as indicating access to non-public information. The report also says WLFI’s token rose roughly 11% after the Venezuela news, with on-chain data showing higher holder profitability and renewed trading.

The developments have spurred calls for tighter rules on prediction markets in Washington.

Key Topics

Crypto, Polymarket, Wlfi Token, Steve Witkoff, Nicolas Maduro, Coinbase