Crypto bets on war go mainstream

Crypto bets on war go mainstream

The following is a guest post by Nischal Shetty, co-founder and President at Shardeum.
On 2nd January 2026, an anonymous trader on crypto prediction platform Polymarket put down roughly $30,000 on a contract that Nicolás Maduro would be out of power by 31 January 2026. Within hours of a U.S. special forces raid that resulted in Maduro’s capture, that position was worth more than $436,000. Meanwhile, traders had placed over $10.5 million on related bets about a U.S. invasion this year, many tying outcomes to specific deadlines in January, March, and December. Some participants staked tens of thousands of dollars on these geopolitical questions. Polymarket has since refused to settle certain contracts, triggering accusations of arbitrary rule-making and regulatory gaps around event definitions in prediction markets.
That episode illustrates a broader shift that came into focus in 2025. Instruments once confined to fringe corners of crypto trading, like onchain perpetual contracts and

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