ChainCatcher News, Ethereum co-founder Vitalik Buterin revealed that last year he made a profit of $70,000 on the prediction market platform Polymarket, with a strategy of specifically betting against those “crazy predictions.” Buterin stated: “I look for markets that are in a frenzy, then bet that crazy things won’t happen.” He invested approximately $440,000 principal, with an annualized return of about 16%.
Vitalik gave an example that markets betting on Trump winning a Nobel Peace Prize or the US dollar collapsing are good targets for his reverse bets. This is not the first time he has publicly discussed profits from prediction markets; during the 2020 US presidential election, he also earned $58,000 using a similar strategy.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Ethereum and XRP Price Momentum Fades While AlphaPepe Dominates As Best Crypto to Invest in April...
The ceasefire rally faded. Capital Street FX’s April 10 daily report confirmed it in numbers: Ethereum at $2,187 down 1.03%, XRP at $1.3449 down 0.87%. The momentum that the ceasefire briefly created lasted hours before the underlying conditions reasserted themselves. XRP has now posted six
BlockChainReporter1h ago
Ethereum Network Activity Claims New ATH Indicating Bullish Divergence
The Ethereum network has reached a new all-time high in activity, signaling its growing utility beyond speculation. Factors like L2 scaling and DeFi are driving this surge, suggesting strong long-term growth potential for Ethereum ($ETH).
BlockChainReporter4h ago
BlackRock withdrew 2,700 BTC and 30,000 ETH from a certain CEX.
Gate News, April 10, according to Onchain Lens monitoring, BlackRock withdrew 2,700 BTC (worth $196.87 million) and 30,000 ETH (worth $67.42 million) from a certain CEX.
GateNews7h ago
Ethereum Breaks Upward as Bullish Momentum Returns — What Next for ETH?
ETH rises above $2,200 as buyers regain control and defend key support.
Derivatives and ETF inflows show growing demand and renewed market confidence.
Critical support near $2,000 will determine if bullish momentum can continue.
Ethereum has finally shown signs
CryptoNewsLand7h ago
Tom Lee: The market is showing signs of forming a bottom; Ethereum, BMNR, and Bitcoin are recommended.
Gate News message, April 10, renowned market analyst Tom Lee posted that there are increasing signs the market bottom has already formed, even though the overall market still generally remains skeptical. Tom Lee suggested that for investors who are still skeptical, they could consider buying assets that performed ahead during the U.S.-Iran war. He pointed out that Ethereum and BMNR are among his top picks, and Bitcoin is also included among the recommendations. Tom Lee believes that crypto assets have already proven themselves to be a store of value during wartime.
GateNews8h ago
