An address named "JaneStreetIndia" profited nearly $360,000 from high-frequency trading on Polymarket's cryptocurrency "15-minute price prediction" scheme.

[An address named "JaneStreetIndia" profits nearly $360,000 from high-frequency trading of cryptocurrency "15-minute price predictions" on Polymarket] According to Mars Finance, on December 30th, crypto KOL @gemchange_ltd reported that an address named "JaneStreetIndia" profited nearly $360,000 from high-frequency trading of cryptocurrency assets on Polymarket using the "15-minute price prediction" method. @gemchange_ltd believes this address is a bot developed by the well-known quantitative trading firm Jane Street. According to their analysis, the account frequently makes predictions in both directions simultaneously, only placing bets when the total cost is less than $1. For example, an upward prediction would be 48 cents, and a downward prediction 46 cents, totaling 94 cents. After market settlement, one of the predictions would have odds of $1. Subsequently, if volatility opportunities arise, only one direction would be chosen. The account has now been renamed "Account88888". Statistics show that the address was profitable on 23 out of 25 days, with an average daily profit of $5,000 to $33,000.