Vitalik reveals his Polymarket profit strategy: betting against extreme predictions, earning $70,000.
01/29 01:15
On January 29, Ethereum co-founder Vitalik Buterin revealed that he made a profit of $70,000 last year on the prediction market platform Polymarket, using a strategy of specifically betting against "crazy predictions." Buterin said: "I look for markets that have gone into crazy mode, then bet that the crazy things won't happen." He placed bets with about $440,000 in principal, achieving an annualized return of about 16%.
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