He could be hedging is my first thought, gaining a bonus elsewhere for high revenue etc. Odds can be uneven for the same event, which is potential arbitrage.
I dont ask for much, I just want to be the person who referred such a big high roller. This has to be the advantage to reviewing sites or running a directory linking sites that you can refer people commonly who are looking to bet on any of the sections offered. Sports bets has to draw in quite a few people surely.
I dont reckon there are many authorised insiders, its probably easier on security to have less people thats the model I assume is being used. It can be taken too far though, I remember one exchange that fell over which only had 1 person with keys and he died from a bad stomach condition. Though I need to double check as I think if they found out he was actually alive but had fled a mtgox type scenario.
Heres a quick google, crypto is never short of drama thats for sure:
Mystery of crypto CEO who died, taking $250 million with him
New York Post
nypost › 2021/12/20 › mystery-of-crypto-c...
20 Dec 2021 — The new documentary "Dead Man's Switch" looks at the mystery of Gerald Cotten, the QuadrigaCX CEO who unexpectedly died
He is still listed dead at 30 but anyhow it seems best that only Flamingos should attempt to stand on one leg
Full blown Securities Commission report on the affair:
https://www.osc.ca/quadrigacxreport/where-did-the-funds-go.html