Self-Directed Insider Trading: How He Manipulated Prediction Markets to Pay for His Bugatti?

比推Publicado em 2026-03-11Última atualização em 2026-03-11

Resumo

A prominent X user, @Euanker, has accused former kickboxing champion Andrew Tate of orchestrating an elaborate insider trading scheme on the prediction market platform Polymarket. The allegations claim that Tate controlled at least seven accounts to profit from markets predicting his own weekly tweet activity, earning a total of $52,286. On-chain evidence reveals a consistent funding path: deposits from exchanges like Duelbits and Bybit were bridged via a specific address, then used to place bets on Polymarket. Profits were ultimately funneled to a Gnosis Safe wallet controlled by Tate, which holds over $1.3 million in assets. The betting patterns closely aligned with Tate’s actual tweet activity, indicating manipulation. Andrew Tate, a controversial influencer known for his luxury lifestyle and previous involvement in meme coin promotions, is alleged to have used this scheme to fund expenses like his rented Bugatti. The incident highlights significant regulatory gaps in prediction markets, where outcomes controlled by a single individual create inherent insider risks. Polymarket, which approves all markets on its platform, faces scrutiny over its lack of safeguards against such manipulation.

Author: Ma He, Foresight News

Original Title: Funding a Bugatti with Polymarket? Someone is Playing 'Self-Directed' Insider Trading

On March 10, X user @Euanker posted an exposé alleging that renowned combat sports champion Andrew Tate was involved in insider trading on Polymarket, profiting by manipulating markets related to the quantity of his personal tweets. Euanker pointed out that Tate created and controlled at least 7 Polymarket accounts, accumulating profits of $52,286 across six 'Weekly Tweet Count Prediction' markets. These markets essentially depend on Tate's own actions, with the exposé bluntly stating his aim was to 'raise funds for a rented Bugatti sports car.'

Interestingly, this exposé included detailed on-chain evidence and profit charts, allowing us a glimpse into the specifics of this insider trading.

Detailed Explanation of On-Chain Address Records: Identical Deposit Paths

The evidence provided by Euanker shows that the 7 Polymarket accounts (@Tornados, @eterboh5, @Mellisacars, @AntonFuar, @wondernot, @Lindayko, @Counteryeg) were highly consistent in their deposit exchanges, fund paths, and betting habits. The first 5 accounts have been fully linked through on-chain transactions, with the subsequent 2 also showing the same pattern.

The core tracking starts with the @Counteryeg account.

Its fund flow points to the bridging address 0xdae2844d5b3070aafb3638b80fa17e562d840dde. This address frequently conducted cross-chain transfers of USDC and USDC.e in the past week, primarily involving the Polygon and Ethereum networks. These funds were then transferred to the intermediary address 0x9D950Fb9D5F37a128bA0d4B82844DE96697fD83d.

Data from Arkham Intelligence for this address shows that in the past week, it received large USDC deposits from exchanges like Duelbits (a gambling platform), Changelly, and Bybit, accounting for 20%, 42%, and 26% respectively. Typical transactions include a 4000 USDC deposit from Duelbits, a 5700 USDC bridge withdrawal, and multiple transfers of 2500~6000 USDC to the upstream bridging address. The cumulative transaction volume of the address shows that the stablecoin flow rhythm highly coincides with Polymarket betting windows, presenting a unified pattern of 'large deposit first, precise betting second, profit aggregation after'.

The final fund chain points to a Gnosis Safe multi-signature address (confirmed by the exposé and transaction graph as belonging to Tate). Arkham records show this Safe holds over $1.3 million in assets, with recent large USDT/USDC withdrawal operations.

The entire chain forms a closed loop: exchange deposit → bridging address transfer → Polymarket betting → profit aggregation to Tate's controlled Gnosis Safe.

The fund flow chart attached by Euanker clearly marks the Polymarket icon and the Gnosis Safe endpoint. A profit chart of the 7 accounts further corroborates, showing a rapid climb from an initial loss of $5,203 on February 22 to a cumulative peak of $52,286 on March 10, with multiple instances synchronized with Tate's public tweet timings. This level of consistency far exceeds coincidence. The identical combination of exchanges, same USDC bridging scale, and operational patterns precisely matching market settlement times constitute the core on-chain basis for the exposé's insider trading allegations.

From Luxury Cars and Mansions to Meme Coins, Fans Become Tools for Monetizing Influence

Andrew Tate (full name Emory Andrew Tate III), born in 1986, is a public figure, businessman, and former professional fighter with dual US and UK citizenship. Tate began his professional kickboxing career in 2005, winning multiple championships in the late 2000s to early 2010s, including the ISKA British Full-Contact Cruiserweight Championship (2009) and the ISKA World Championship (2011), claiming to be a four-time world champion. He is about 1.91 meters tall, with the nicknames 'Cobra Tate' or 'Top G'.

Andrew Tate has long presented a luxurious lifestyle; his名下 (owned) or rented multiple Bugatti sports cars and numerous mansions have long been the core of his personal brand. The term 'rented Bugatti' in the exposé恰好吻合 (perfectly matches) Tate's publicly flaunted pattern of luxury consumption.

He has repeatedly showcased high-end assets on social platforms, using this to reinforce his 'alpha male' persona and attract young male fans globally. After retiring, he shifted to online business and content creation, launching paid course platforms (like Hustler's University and War Room), teaching topics like wealth building, entrepreneurship, and mindset training, primarily attracting young male audiences.

Starting in 2022, he and his brother Tristan were arrested in Romania, facing charges of human trafficking, rape, and forming a criminal organization (related to recruiting women using the 'loverboy' method to produce adult content); the case is still ongoing. After the Romanian travel ban was lifted in late 2025, the two returned to the US. Currently, he also faces a UK civil lawsuit (four women alleging sexual violence and coercion), which has been moved up to Summer 2026. He denies all criminal and civil charges, calling them a political witch hunt against him.

Upon entering the crypto space, Tate further monetized his influence. He has issued multiple meme coins, the most representative being the DADDY series directly tied to his personal IP, achieving rapid monetization through fan-driven hype. Bubblemaps exposed that he had promoted over 10 shitcoins within 24 hours; after Bubblemaps revealed the insider information about DADDY token supply, Andrew subsequently blocked Bubblemaps.

These operations form a complete闭环 (closed loop) with this Polymarket incident: first, gather traffic with controversial statements and lifestyle, then directly extract funds from fans' wallets through prediction markets or meme coins. Whether it's luxury cars and mansions or meme coin issuance, the essence is the same monetization logic—converting personal fame into quantifiable cash flow.

This exposé once again reminds the crypto industry that prediction markets and the meme coin ecosystem under celebrity influence still have significant governance gaps. This incident points directly to structural deficiencies in Polymarket's market creation review process. For example, markets like 'Andrew Tate's Weekly Tweet Count' are created without effective门槛 (thresholds) to verify whether the market has objectivity or is susceptible to manipulation risk. The core value of prediction markets lies in aggregating分散 (dispersed) information for price discovery, but when the subject is entirely controlled by a single entity, information asymmetry is放大至极端 (amplified to an extreme). Tate could simply adjust his tweet frequency to influence market outcomes, while retail investors bet based on public information, unaware of the internal manipulation.

Previously, the author wrote an article titled 'He Made $300,000 Counting Musk's Tweets'. The prediction market tracked Elon Musk's tweet count; Musk himself is the world's richest man, a hard tech entrepreneur with no motive to profit from insider trading, while Andrew Tate might not be. Polymarket currently does not allow any individual user to directly create prediction markets. All markets are ultimately created by Polymarket's market team. If Polymarket does not strengthen market审查 (review), similar allegations are likely to continue to发酵 (ferment).

Twitter:https://twitter.com/BitpushNewsCN

Bitpush TG Discussion Group:https://t.me/BitPushCommunity

Bitpush TG Subscription: https://t.me/bitpush

Original article link:https://www.bitpush.news/articles/7618832

Perguntas relacionadas

QWhat is Andrew Tate accused of doing on Polymarket according to the article?

AAndrew Tate is accused of engaging in insider trading on Polymarket by manipulating prediction markets related to the number of his own tweets. He allegedly controlled at least 7 Polymarket accounts to profit from these markets, earning a total of $52,286.

QHow did the exposé by user @Euanker provide evidence of Tate's alleged manipulation?

A@Euanker provided detailed on-chain evidence and profit charts showing that the 7 Polymarket accounts had identical deposit paths, funding sources from exchanges like Duelbits and Bybit, and a unified pattern of fund flow that ultimately led to a Gnosis Safe wallet controlled by Tate.

QWhat is the significance of the 'weekly tweet count prediction' markets in this case?

AThe 'weekly tweet count prediction' markets were significant because they were based entirely on Andrew Tate's own behavior, allowing him to manipulate the outcome by controlling the number of tweets he posted, thus creating an unfair advantage and profiting from insider knowledge.

QHow does this incident highlight a potential issue with Polymarket's governance?

AThe incident exposes a structural weakness in Polymarket's market creation and review process, as markets dependent on a single individual's actions lack objectivity and are susceptible to manipulation, undermining the platform's core purpose of price discovery through dispersed information.

QWhat other methods has Andrew Tate used to monetize his influence, as mentioned in the article?

AAndrew Tate has monetized his influence through luxury lifestyle branding, paid online courses like Hustler's University, and by promoting and issuing meme coins such as the DADDY series, leveraging his fan base for financial gain.

Leituras Relacionadas

La Liga Team Bets $1 Million Against Themselves Before Match: Does Using Prediction Markets for Insurance Comply with Sports Regulations?

A Spanish La Liga club, reportedly Osasuna, purchased insurance against relegation and was linked to a transaction of over $1 million on the prediction market platform Kalshi, betting against its own victory in a crucial season-ending match. While Osasuna confirmed buying €1.2 million insurance for a potential €6 million payout in case of relegation through broker Howden, it did not confirm involvement with Kalshi. The reported trade involved intermediaries like Game Point Capital and Greenlight Commodities, with quant firm Susquehanna as the counterparty. This incident highlights the blurring line between financial hedging and gambling in prediction markets. Such markets allow trading on future event outcomes, like sports results. In the US, Kalshi operates as a regulated event contract market under the CFTC. However, Spanish authorities recently initiated penalties against Kalshi and Polymarket, considering their activities unlicensed gambling. The case raises core questions about prediction markets: who can trade, how insider information is handled, and whether participants can influence outcomes, especially in sports where results are human-driven. While leagues like La Liga and Serie A have partnered with Polymarket in North America, the regulatory clash and potential for conflicts of interest, as seen in this club's alleged transaction, present significant challenges as prediction markets evolve toward institutional risk management.

Foresight NewsHá 6m

La Liga Team Bets $1 Million Against Themselves Before Match: Does Using Prediction Markets for Insurance Comply with Sports Regulations?

Foresight NewsHá 6m

From Shouting 150 Dollars to Liquidating HYPE in Just Three Days, How Much Credibility Does Arthur Hayes Have Left?

How much of Arthur Hayes's market credibility remains? Recently, the "godfather of crypto perpetual swaps" and BitMEX co-founder has faced public criticism, including accusations from on-chain investigator ZachXBT about creating exit liquidity for his followers. Starting last week, Hayes executed multiple sudden sell-offs. He had repeatedly publicly predicted the HYPE token would reach $150. After a $100,000 bet defending Hyperliquid on June 1st, he announced just three days later that he had completely sold his HYPE and NEAR holdings, successfully exiting near the peak. He also sold ZEC and WLD. His sale of WLD appeared to be a classic "pump and dump" maneuver. On June 3rd, he publicly set a $10 target for WLD, causing its price to surge over 35%. By June 6th, he announced he had sold his WLD, citing "anomalous" SpaceX pre-IPO price action, which triggered a sharp price drop. On June 9th, Hayes published a lengthy article explaining his actions, citing factors like rising energy costs and a potential AI bubble burst. Consequently, his family office, Maelstrom, now holds positions in US energy producers and only core crypto assets BTC and ETH, having sold AI-related stocks and non-core cryptocurrencies. This pattern is not new. In 2025, he similarly touted HYPE before selling it at what turned out to be a cycle peak, only to repurchase it at the next cycle's low. Similar scenarios played out with tokens like ETHFI and ENA. Long-term observers have developed a strategy: ignore Hayes's public statements but closely monitor his on-chain actions—be cautious following his buys, but decisively follow his sells. If he continues these tactics, especially as seen with the WLD case, his market credibility risks being permanently damaged. As Hayes himself admitted in his latest article, "I remain an unapologetic gambler."

marsbitHá 24m

From Shouting 150 Dollars to Liquidating HYPE in Just Three Days, How Much Credibility Does Arthur Hayes Have Left?

marsbitHá 24m

From Calling for $150 to Liquidating HYPE in Just Three Days, How Much Credibility Does Arthur Hayes Have Left?

Arthur Hayes, co-founder of BitMEX and a prominent crypto figure, is facing scrutiny over his market credibility. Recent on-chain data and public criticism, notably from detective ZachXBT, question whether he uses his influence to create exit liquidity for his followers. Hayes has executed several abrupt sell-offs, including publicly advocating for HYPE to reach $150 before completely selling his holdings just three days later, after which the price dropped sharply. He similarly promoted WLD with a $10 target, only to sell his entire position three days afterward, citing vague concerns about SpaceX's pre-IPO activity and causing a significant price decline. Hayes justifies these moves with detailed macroeconomic analyses, such as a recent essay citing energy costs and AI market risks, explaining his shift into energy stocks and core cryptocurrencies BTC and ETH. However, his pattern of bullish public statements followed by unannounced sell-offs—previously seen with tokens like ETHFI and ENA—has led many investors to adopt a strategy of ignoring his commentary but closely monitoring his on-chain actions for sell signals. Analysts warn that this "cry wolf" pattern risks eroding his market trust, with Hayes himself admitting in a recent article, "I remain an unapologetic gambler."

Odaily星球日报Há 28m

From Calling for $150 to Liquidating HYPE in Just Three Days, How Much Credibility Does Arthur Hayes Have Left?

Odaily星球日报Há 28m

Fundraising is Like a Strange Dance: The 'Absurd Drama' of Silicon Valley Founders' Capital Raises

The article details a series of absurd and revealing anecdotes shared by Silicon Valley founders about their venture capital fundraising experiences, sparked by Greg Isenberg's story of pitching to a sleeping a16z partner. Founders describe surreal pitch meetings: one faced a barefoot, peanut-eating investor who offered triple the requested amount after 30 seconds; another performed a pitch in a VC's parked car; a founder discovered his audience understood no English beyond "yes." These stories highlight the often irrational and performative nature of fundraising. Beyond the absurdity, darker power imbalances are exposed. Stories include investors suggesting founders fire co-founders for their equity, blatant market misjudgments, disrespectful behavior from LPs, and discriminatory remarks. A debate also emerges around "Sequoia's" practice of splitting a round into two valuations. However, the thread isn't solely critical. Positive counter-narratives celebrate supportive VCs who offered crucial advice during crises, respected founders' timelines, and showed simple gestures of respect—like a partner personally fetching coffee before a major pitch. Ultimately, the collective sharing acts as a pressure release, illustrating that fundraising is a complex dance of power, trust, and sometimes sheer theater. It underscores that beyond capital, mutual respect and integrity remain the most enduring foundations of the founder-investor relationship.

marsbitHá 37m

Fundraising is Like a Strange Dance: The 'Absurd Drama' of Silicon Valley Founders' Capital Raises

marsbitHá 37m

Taiwanese Nodes on the AI Industry Chain: 9 Taiwanese Stock Picks Favored by 'New Stock God' Serenity

Investment analyst Serenity has spotlighted 9 Taiwanese stocks positioned within three key themes of the AI hardware supply chain: CPO (Co-packaged Optics), ASIC (Application-Specific Integrated Circuits), and Compound Semiconductors. For the CPO theme, anchored by TSMC's COUPE platform expected to mass produce in 2026, Serenity highlighted five stocks: FOCI (fiber array unit supplier), Shunsin Technology (optical packaging & testing), Xintec (wafer-level packaging & testing), MSSCorps (inspection/measurement tools), and Nextronics (connectors & thermal modules). Regarding the ASIC theme, driven by hyperscalers' custom chips, three companies were named: Alchip (design services for AWS), Unimicron (ABF substrates for Google TPU/AWS), and MediaTek (potential collaboration on Google TPU). A singular, strong conviction pick is Win Semiconductor, a compound semiconductor foundry and leader in InP/GaAs, seen as a beneficiary in areas like laser sources for silicon photonics and LEO satellite communications. Serenity argues that current valuations are not in a bubble, geopolitical risks are overstated, and the real systemic risk lies not in cross-strait tensions but in potential future cuts to hyperscaler (Microsoft, Amazon, Google, Meta, Oracle) capital expenditure—the primary driver of the current AI infrastructure boom.

marsbitHá 1h

Taiwanese Nodes on the AI Industry Chain: 9 Taiwanese Stock Picks Favored by 'New Stock God' Serenity