Welcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In this week’s edition, Polymarket traders win big on Maduro’s downfall, Bitfarms leaves Latam, and Argentina enters 2026 with high crypto adoption levels.
Latam Insights: Polymarket Traders Profit on Venezuelan Situation, Bitfarms Exits Latam
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Maduro’s Fall Turns Long-Shot Polymarket Bets Into Overnight Wins
U.S. President Donald Trump announced that elite Delta Force units carried out an overnight raid near Caracas, capturing Nicolás Maduro and his wife, Cilia Flores, from a Venezuelan military complex and flying them out of the country. The operation marked the sudden end of Maduro’s grip on power and closed the book on one of the most closely watched political prediction markets of the past year.
The event also sent shockwaves through prediction markets, particularly on Polymarket, where traders had been betting on whether and when Maduro would leave power. Bitcoin.com News reported on this specific bet on Dec. 13, 2025, when the chances of Maduro’s removal started to rise. One flagship contract tied to his removal by Jan. 31, 2026, resolved as “Yes” on Jan. 3 following confirmation of his capture.
Bitfarms Exits Latam After Paraguayan Site Sale
Bitfarms, a publicly traded American bitcoin mining company, has confirmed its exit from the Latam market.
The company has announced that it has entered into a sale agreement with Singapore-based Sympatheia Power Fund (SPF) for the sale of its Paso Pe site, which has a power capacity of 70 MW, in Paraguay.
The sale is expected to close in 60 days, with the site being seamlessly operated and transferred from one administration to the other.
The Paso Pe site was valued at $30 million for this transaction, with $9 million to be delivered in cash during Q1 2026, and $21 million to be paid during the following 10 months.
Argentina Enters 2026 With Cryptocurrency Adoption Levels Reaching 20%
The Argentine cryptocurrency ecosystem is poised to continue evolving in 2026, as analysts and industry insiders claim that the use cases for crypto in the country are also changing.
Argentina enters this new year registering high levels of crypto adoption, being classified as the first country in crypto usage in Latin America by the Argentine Blockchain Foundation. In its most recent report, blockchain data firm Chainalysis reported adoption levels of nearly 20%, with numbers following an increasing trend.
This means that 8.6 million Argentines have or are using some cryptocurrency, positioning the country among the top countries with the highest digital asset adoption.
FAQ
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What major event impacted Polymarket traders this week?
Traders on Polymarket profited significantly when Nicolás Maduro was captured, marking an unexpected end to his regime. -
What are the financial details of the Bitfarms sale?
The Paso Pe site is valued at $30 million, with $9 million in cash payable in Q1 2026 and the remaining $21 million over the next 10 months. -
How is Argentina’s cryptocurrency adoption trending as it enters 2026?
Argentina leads Latin America with a 20% cryptocurrency adoption rate, equivalent to approximately 8.6 million users engaging with digital assets.
