The Nancy Guthrie kidnapping case takes an ugly turn as a $180,000 scandal is exposed

A shocking new development has emerged in the Nancy Guthrie kidnapping case, with a $188,000 betting scandal now tied to the search for Savannah Guthrie’s missing mother. People have wagered a substantial sum, over $188,000, on a prediction market called Polymarket, about the likelihood of an arrest by February 28. It’s truly a strange situation to see such a market develop around a missing person’s case.

According to Men’s Journal, the betting on the Guthrie case kicked off on February 10, just over a week after she was first reported missing on February 1. Initially, traders were assigning a high probability, 76% odds, of an arrest happening by the time the betting market was set to close. Polymarket’s X account was even sharing updates on the market in its early days. 

Things shifted dramatically on February 12, when Polymarket noted that the odds of an arrest had dropped to 49% after reports surfaced about a ransom letter. Ultimately, this betting market didn’t even make it to its original close date. It was shut down before February 28, and its page on Polymarket now simply reads, “This event has been archived.” It’s unclear exactly why it was closed early.

This is just exceptionally callous

The reaction to this betting market has been quite strong from some corners. Red Banyan, who is the founder and CEO of a crisis PR firm, expressed some serious outrage over the situation. He said that “Betting about the outcome of an elderly woman’s kidnapping is stomach-turning and insensitive. Even if you think prediction markets are useful in other contexts, for most people this instantly crosses a bright red line.” 

The thing is that this controversy hasn’t really been covered by most media channels. So it flew largely under the radar, with limited discussion on social media and YouTube. So despite there being a few strong reactions to how distasteful Polymarket’s bet was, there has been no larger action yet.

In fact, we have seen discussions from people expressing frustration or confusion about the betting market being closed. It is really horrible that there are more questions about why the betting has been pulled than there are reactions condemning its very existence.

While this betting scandal has certainly taken an ugly turn. The search for Nancy Guthrie is still ongoing, with forensic investigators looking at the digital footprints of suspects and the police questioning people exhibiting weird behavior outside her home. Hopefully, with the massive $1.2 million reward being offered for her safe recovery, the police will be able to bring Nancy Guthrie home soon.