Polymarket Account in Farage Backer's Name Took $9M in Crypto From Unknown Sources: FT
DECRYPT ·
The Financial Times reported that a Polymarket account in the name of George Cottrell—a convicted fraudster who has bankrolled Nigel Farage—took in $8.8 million in crypto from unidentified sources in 2024. The "GCottrell93" account staked the money on Donald Trump winning the U.S. election, booked $4.46 million in profit, then moved almost all of it out to other wallets. An earlier Sunday Times investigation found that Cottrell had paid for travel, staff, and accommodation for the Reform UK leader, benefits that Farage denied required registration. A Polymarket account in the name of George Cottrell, the convicted fraudster who has bankrolled Reform UK leader Nigel Farage, took in $8.8 million in cryptocurrency from unidentified sources in 2024 and used it to bet on Donald Trump's election victory, the Financial Times reported. The account, registered as "GCottrell93," was filled in late October 2024 from two crypto exchanges—$7 million from OKX, sent in five tranches, and $1.83 million routed through ChangeNOW, the FT said, citing public blockchain data. Each time money landed, it was immediately staked on a Trump win. After his victory, which the account turned into $4.46 million in profit, almost all the funds were moved back out to other wallets. Who provided the money, and who collected the winnings, is unclear. The prediction market account has not been formally linked to Cottrell. Blockchain investigator ZachXBT has said he holds "high confidence" that it belongs to him, after flagging it earlier this year over a $550,000 loss on a bet about U.S. strikes on Iran. Cottrell's lawyers declined to comment on his finances or specific transactions, and said their silence did not mean he accepted the FT 's findings. Reform UK did not respond to the paper.
AI 시장 분석
According to a Financial Times report, an account under the name of a supporter of UK MP Nigel Farage on Polymarket received $9 million in cryptocurrency from an unclear source. This capital inflow is amplifying concerns over money laundering and regulatory gaps in decentralized prediction markets. Investors should strengthen risk management in preparation for potential intensive investigations by regulatory authorities.
상승 영향
- Cryptocurrency — As large-scale capital inflows into prediction market platforms are confirmed, the real-world utility of blockchain-based services and the market's capital inflow potential are being highlighted.
하락 영향
- Cryptocurrency — Due to the transfer of $9 million from an unclear source, pressure from global regulatory agencies on the cryptocurrency market and decentralized platforms is expected to intensify.
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