Vitalik publicly reveals Polymarket's profit strategy: betting against extreme predictions, earning $70,000

Ethereum co-founder Vitalik Buterin revealed that he made $70,000 last year on the prediction market platform Polymarket, with a strategy specifically betting against those "crazy predictions." Buterin stated, "I look for markets that are in crazy mode and then bet that the crazy thing won't happen." He placed bets with a principal of about $440,000, achieving an annualized return of approximately 16%.

Vitalik cited examples such as markets betting that Trump would win the Nobel Peace Prize or that the dollar would collapse, which were good targets for his reverse bets. This is not the first time he has publicly discussed making profits from prediction markets; during the 2020 U.S. election, he also earned $58,000 using a similar strategy.