Prediction markets have seen a surge in activity regarding Venezuelan President Maduro's potential resignation. As of January 4th, six contracts totaling $56.6 million have been placed, betting on his departure. The probability of Maduro stepping down before January 31st increased significantly, rising from 5%-6% to 12.5% between Friday night and early Saturday morning. Notably, $11 million was successfully wagered on his resignation before January 31st, while $40 million in bets on his resignation before November 30th and December 31st did not succeed.
$56.6 Million Bet on Maduro's Resignation in Prediction Markets
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