Key Highlights
- Two new Polymarket wallets placed heavy “YES” bets on the Axiom insider-trading market.
- One wallet shows a $35.7K profit on a $59.5K position; another shows a $73.4K profit on a $109.4K position.
Insider traders made a fortune of over a million dollars today. In an ironic turn of events, while ZachXBT was busy exposing Axiom insiders, newly created wallets on Polymarket appear to have made quick money betting “YES” on the market asking, “Will Axiom be accused of insider trading?” As ZackXBT just named Axiom Exchange in his investigation, the contract sits at 100¢ on Polymarket.
Lookonchain claims 12 suspected wallets profited over one million by betting on which company ZachXBT would expose for insider trading.
On the first wallet view, the account shows a position value near $59.5K and a green gain line indicating roughly $35.7K profit, about +149%.
A second wallet view shows a larger position’s value around $109.4K with roughly $73.3K profit about +203% gains.
Market probability shifts after investigation
Prediction markets function as real-time sentiment indicators, pricing outcomes based on trader expectations.
The activity highlights how crypto investigations increasingly trigger immediate reactions across derivatives and prediction markets, where traders speculate on reputational or legal outcomes rather than token prices alone.
Unlike traditional markets, prediction platforms allow participants to trade directly on headline-driven scenarios, making them a rapid gauge of market expectations during unfolding controversies.
Also Read: Axiom Staff Used Internal Tools to Monitor Traders: ZackXBT
