[Vitalik Reveals Polymarket Profit Strategy: Betting Against Extreme Predictions, Earns $70,000] On January 29, it was reported that Ethereum co-founder Vitalik Buterin disclosed that he made $70,000 last year on the prediction market platform Polymarket by specifically betting against 'crazy predictions.' Buterin stated: 'I look for markets that have gone into crazy mode and then bet that the crazy thing won’t happen.' He invested approximately $440,000 as principal, achieving an annualized return of about 16%. Vitalik gave examples such as markets betting that Trump would win the Nobel Peace Prize or that the U.S. dollar would collapse, which were ideal targets for his counter-bets. This is not the first time he has publicly discussed profits from prediction markets; during the 2020 U.S. presidential election, he earned $58,000 using a similar strategy.