A User on Prediction Market Polymarket Makes $1.15 Million by Betting on Google's Search Rankings - Insider Trading Allegations Emerge.
AlphaRaccoon, a pseudonymous trader on prediction market Polymarket, has been accused of making a staggering $1.15 million profit in under 24 hours by betting on Google's 2025 Year in Search rankings. The trades in question, which covered niche questions such as whether singer d4vd would top the list or if Pope Leo XIV would crack the top five, landed just before Google published the data related to these markets for the first time.
This is not AlphaRaccoon's only notable win on Polymarket. Months earlier, the user pocketed over $150,000 by nailing the exact launch day of Google's Gemini 3.0 AI model. However, critics argue that this and other recent trades are indicative of insider trading.
While there is no concrete evidence tying AlphaRaccoon to Google as of yet, the money from these trades can be traced on the blockchain ledger upon which they were made. The reality is that prediction markets like Polymarket allow users to bet on information before it becomes public, creating a potential loophole for trading on similar information without regulatory oversight.
Prediction markets are often touted as a way to pool bets and verify information, but critics argue that platforms like Polymarket can be used to enable insider profiteering. The question now is whether these platforms are truly facilitating democratized finance or simply providing an avenue for institutional insiders to make quick profits.
AlphaRaccoon, a pseudonymous trader on prediction market Polymarket, has been accused of making a staggering $1.15 million profit in under 24 hours by betting on Google's 2025 Year in Search rankings. The trades in question, which covered niche questions such as whether singer d4vd would top the list or if Pope Leo XIV would crack the top five, landed just before Google published the data related to these markets for the first time.
This is not AlphaRaccoon's only notable win on Polymarket. Months earlier, the user pocketed over $150,000 by nailing the exact launch day of Google's Gemini 3.0 AI model. However, critics argue that this and other recent trades are indicative of insider trading.
While there is no concrete evidence tying AlphaRaccoon to Google as of yet, the money from these trades can be traced on the blockchain ledger upon which they were made. The reality is that prediction markets like Polymarket allow users to bet on information before it becomes public, creating a potential loophole for trading on similar information without regulatory oversight.
Prediction markets are often touted as a way to pool bets and verify information, but critics argue that platforms like Polymarket can be used to enable insider profiteering. The question now is whether these platforms are truly facilitating democratized finance or simply providing an avenue for institutional insiders to make quick profits.