Reverse Thinking: Vitalik's Profit Strategy on Polymarket
Ethereum co-founder Vitalik Buterin recently revealed how he earned $70,000 on the prediction market platform Polymarket by using a unique contrarian betting approach. Instead of following the crowd, he focuses on identifying extreme and unrealistic predictions and places bets against them.
According to Buterin, he looks for markets where speculation goes off the rails — such as predictions claiming Trump will win the Nobel Peace Prize or the U.S. dollar will collapse completely. He views these as irrational and strategically bets on the opposite outcome.
Smart Returns Through Rationality
- Started with a $440,000 principal
- Achieved a 16% annualized return
- Previously made $58,000 using similar tactics during the 2020 U.S. election
This approach not only highlights Vitalik’s strategic thinking but also uncovers potential profit opportunities in prediction markets by exploiting irrational crowd behavior and turning extreme forecasts into financial gains.