Connect with us

Hi, what are you looking for?

Markets

AI Bot Identifies Insider Bets on Polymarket, Programmer Profits $75K

A programmer turned $5.7K into $80.7K using an AI bot to flag suspicious Polymarket betting patterns.

A programmer has successfully leveraged artificial intelligence to generate substantial profits by flagging suspicious betting patterns on Polymarket. With an initial investment of $5,700, the developer transformed this stake into an impressive $80,700 in just a matter of hours.

According to a post on Archive, the custom-built bot monitors Polymarket for unusual trading activities, particularly focusing on political prediction markets where insider information can significantly impact outcomes. The bot alerted the programmer five times prior to a significant event involving Maduro, allowing him to enter trades at a price of 7.5 cents.

The bot operates by scanning Polymarket“s API for specific patterns, sending alerts when it identifies potential insider trading. However, it does not execute trades automatically; instead, the programmer reviews each alert and determines the best course of action.

As detailed in the Archive report, the AI tool identifies three main indicators of potential insider trading. It looks for new wallets with no prior trading history, unusually large bets that deviate from normal market behavior, and repeated entries into tight political markets where timely information is crucial.

The programmer utilized two AI tools, Claude AI and Cursor, to develop the system without requiring extensive technical skills. In initial tests, the bot has already yielded $11,000 in profit in a single day, with the recent trading related to Maduro contributing an additional $75,000 to his earnings.

This AI-powered bot acts as an early warning system rather than a fully automated trading mechanism. By flagging odd behaviors and betting patterns, it enables the programmer to capitalize on opportunities before they become apparent to the wider market. Although the system does not guarantee profits, its ability to process data swiftly has proven beneficial during volatile market conditions.

The programmer”s approach combines AI assistance in coding with manual trade execution, resulting in a tailored alert system that aligns with his risk tolerance and trading style. As political events unfold, tools like this continue to highlight the intersection of technology and trading strategies in the evolving landscape of cryptocurrency.

You May Also Like

Markets

Bitcoin"s value against gold has reached a critical support level; will it bounce back?

Top Stories

BitRss provides real-time updates and curated content for the crypto community around the clock

Altcoins

XRP is poised to play a crucial role in a $30 trillion market for tokenized assets, reshaping finance.

Altcoins

LivLive offers a 200% bonus in its presale, making it a standout option for investors seeking affordable crypto.

Bitcoin

Bitcoin"s price has dropped below the critical $100,000 level, raising concerns among investors.

Altcoins

Ripple, XRP, and the XRP Ledger are distinct entities crucial for cross-border payments.

Markets

AVAX is currently trading between $21.40 support and $23.50 resistance levels, with potential for short-term recovery.

Markets

Dogecoin"s open interest has fallen to its lowest in six months, signaling potential price volatility ahead.

Regulation

Nvidia"s stock drops sharply after the US bans AI chip sales to China, impacting growth plans.

Regulation

Finland will adopt the OECD"s Crypto-Asset Reporting Framework to enhance crypto transaction transparency by 2026.

Markets

Ethereum struggles to maintain a $3.2K floor amidst significant DeFi market outflows and low buying conviction.

Business

Ripple"s recent achievements spark discussions on an IPO, though the company denies any immediate plans.

Copyright © 2024 COINNEWSBYTE.COM. All rights reserved. This website provides educational content, emphasizing that investing involves risks. Ensure you conduct thorough research before investing and be ready for any potential losses. For those over 18 and interested in gambling: Online gambling laws differ across countries; adhere to your local regulations. By using this site, you agree to our terms, including the presence of affiliate links that do not impact our evaluations. Cryptocurrency offers on this site are not in line with UK financial promotion regulations and are not aimed at UK consumers.