A smart money investor initially invested $1,000 in Polymarket this year and has accumulated profits of over $2 million.

BlockBeats news, on December 27, smart money "RN1" made an initial investment of $1,000 on Polymarket this year and has accumulated profits of over $2 million. According to the relevant page, this address mainly participated in sports-related predictions this year, with more than 13,000 predictions made, and the largest single prediction profit reaching $129,000.

According to analysis by crypto KOL @carverfomo, this smart money uses high-frequency trading to arbitrage by exploiting temporary price discrepancies in the platform's automated market maker, and its profits do not rely on predicting the actual outcome of events.