BlockBeats news, December 30th, according to crypto KOL @gemchange_ltd, an address named “JaneStreetIndia” has made nearly $360,000 in profit through high-frequency trading of a crypto asset on Polymarket’s “15-Minute Price Range” market.
@gemchange_ltd believes that this address is controlled by a bot developed by the well-known quantitative trading firm Jane Street. According to their analysis, this account often makes dual-directional predictions and only places bets when the total cost is less than $1. For example, predicting an increase at 48 cents, a decrease at 46 cents, totaling 94 cents. After the market settles, one of the directions has an odds of $1. If a volatility opportunity arises later, they choose a single direction.
This account has now been renamed “Account88888.” According to statistics, out of 25 days, it has been profitable for 23 days. The daily profit ranges from $5,000 to $33,000.
