War Profiteers Furious After Polymarket Refuses to Pay Out on Venezuelan Invasion Bets
Nearly a week after US strikes bombarded Venezuela during the kidnapping of its president Nicolás Maduro, betting platform Polymarket is refusing to pay out users who gambled on the invasion of Venezeula.
Polymarket is a controversial prediction market where users can gamble on the outcome of real-world events, like who will win a certain election, or which side will control a certain village in the Ukraine-Russo war by a pre-specified date.
In this particular wager, Polymarket was supposed to pay out if “the United States commences a military offensive intended to establish control over any portion of Venezuela,” a determination to be made by “a consensus of credible sources,” the New York Times reported. To those who wagered on such an outcome, the events of January 3rd were proof positive that an invasion had taken place.


