A programmer says they earned roughly $75,000 in a single day by using an artificial intelligence assisted bot to scan the prediction market Polymarket for unusual trading activity that resembled insider-style behavior, according to a post shared by Archive on X.
AI System Tracks Wallets And Bet Sizes
The developer wrote about creating a bespoke monitoring tool that is used to monitor wallet activity and the size of bets on Polymarket, a decentralized application that allows users to bet using cryptocurrency on real-world events.
The tool is said to have raised warnings several hours prior to a significant move in the market involving Venezuelan President Nicolรกs Maduro where the programmer could purchase positions at a lower price.
The post states that the system operates as an alert system, and not a trading robot. It is constantly searching the application programming interface (API) of Polymarket to determine patterns that can be considered suspicious and subsequently informs the user of these patterns, whose ultimate trading decisions are made by hand.
The bot concentrates on three main indicators. It raises red flags when wallets with little or no trading history are created, when bets are unusually large and do not conform to standard market operations and when a political prediction market experiences repeated trading.
Polymarket Grows As Crypto Prediction Platform
According to the developer, the system was developed with the help of AI-driven coding tools Claude AI and Cursor, which assisted in the fast development process without the need to have advanced programming knowledge. The first testing, such as the trade that is connected to the Maduro market, allegedly generated the 75,000 in profits during the initial day of the usage of the bot.
The Archive post also contained screenshots of the profile and wallet addresses of the programmer of Polymarket, which displays recent trading history. The developer stressed that the tool is not an indicator of results or a guarantee of profits but rather a way of processing market data more quickly than a manual one in order to reveal possible opportunities.
Political markets Polymarket has been accused of insider trading periodically, especially in the political markets where the early information access can affect prices. The programmer asked them to focus on such markets because, he says that their system is focused on uncovering the pricing inefficiencies before they are manifested later on a bigger scale.
Polymarket is a decentralized prediction market application enabling users to place wager on elections, geopolitical occurrences and news stories by using cryptocurrency. The platform has expanded in the recent years as the popularity of alternative forecasting tools has risen.
