The White House warns staff not to use their positions to bet in prediction markets, especially by engaging in unusual trading activity before policies suddenly change. Accounts that have already profited more than $600k through prediction have drawn criticism, and critics suspect that someone used insider information to profit. The White House confirmed the authenticity of the warning.

A prediction platform shows that on April 9, an account lost more than $4.3 million. In the NBA Bulls vs. Wizards game, it bought the Bulls point spread. Before the game, the Bulls were ranked 12th in the Eastern Conference, and the Wizards were ranked 15th.

A CEX founder responded on social media to another CEX CEO’s accusations, denying false claims and saying he has officially divorced. He is willing to bet $1 billion, inviting the other party to verify the divorce agreement, and says that if the other party does not accept the bet, he will expose their false statements.

A cryptocurrency trader, Loracle, profited by about $2 million by shorting WTI crude oil perpetual futures during a sharp pullback in oil prices, and currently has more than $8 million in on-chain assets. This case shows how participants in the crypto market are extending on-chain derivatives strategies to trading in traditional assets. Trading activity on the Hyperliquid platform has been rising, reflecting a convergence trend between commodities and the crypto market.

Gate News message, April 8, according to monitoring by Lookonchain, four suspected insider-trading addresses profited by about $663k by betting on a U.S.-Iran ceasefire before April 7. Most of these wallets were created on April 7 and funded after that; a few hours before the ceasefire news was released, they bought the “YES” option. Previously, there was no activity record—only a bet on this event—entered at extremely low odds (3.9%).

Gate News message: On April 7, Multicoin Capital co-founder Kyle Samani posted on X in response to KOL ampera, saying he is willing to take a bet on ampera’s view that “Bittensor (TAO) will enter the top 10 among all crypto assets by 2028,” and is willing to accept a maximum bet amount of $1M.

In Polymarket’s NCAA finals, a single account lost nearly $5 million after buying $400k worth of Connecticut winning prediction shares, with an opening position average price of 49¢. NCAA “March Madness” is the U.S. college basketball tournament, which uses a single-elimination format.

Gate News message, April 5, the prediction market platform Polymarket has taken down a betting page related to a U.S. military rescue operation. Local time on Friday, a U.S. F-15E fighter jet was shot down by Iran, one crew member has been rescued, and the other remains missing and falling. The page previously allowed users to bet on which day the U.S. side would confirm that the two pilots had been rescued.

On April 5, during a Polymarket prediction event, an account with a 42.1% win probability bet $490k that Arizona would beat Michigan, with an opening position average price of 50¢. The game will be played at 8:49 a.m. Beijing time this morning, and the suspense lies in the offensive and defensive matchups between the two teams.

On April 5, on-chain data shows that in a prediction for a game between the NBA Pistons and the 76ers, a certain account placed a bet of $590k on the Pistons giving up 3.5 points, with expected profits exceeding $4 million. The Pistons are currently ranked 1st in the Eastern Conference, while the 76ers are ranked 6th.