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Story summary
- George Cottrell wagered £270,000 that oil would hit $110-$120 per barrel April-June 2026.
- He placed the bet on Polymarket, a crypto-based prediction market pricing outcomes in dollars.
- Cottrell earned $97,000 in April after his oil prediction.
- He later sold part for $56,000, leaving an overall loss of about £160,000.
- Labour accused Cottrell, a convicted fraudster and Nigel Farage ally, of profiting from higher oil costs hurting British households.
