How Polymarket Reportedly Used Fake Winning Bets to Drive Viral Growth
The same bets that won millions in the promotional clips incurred losses for traders in reality.
Crypto News·
Polymarket has faced allegations that it paid social media creators to promote fake bets and fabricated winnings through replica versions of its prediction market platform, a Wall Street Journal investigation has found. The Wall Street Journal reported that it reviewed…
Read full articleThe same bets that won millions in the promotional clips incurred losses for traders in reality.
A Wall Street Journal investigation found that roughly $1.9 million in bets shown across more than 1,100 creator videos promoting Polymarket were not real, part of a paid influencer program in which creators filmed fake trades on dummy versions of the platform.
A Wall Street Journal investigation reports that Polymarket struck a multimillion-dollar deal with streamer Adin Ross and promoted dozens of his videos – at least five of which laid out ways to trade on inside information. A celebrity deal under scrutiny Polymarket struck a multimillion-dollar promotional deal with the streamer Adin Ross, according to a […]
Polymarket paid a network of social-media creators to stage bets and winnings on near-perfect replicas of its website, a Wall Street Journal investigation found. This was part of a campaign aimed at U.S. users; the platform is legally barred from serving. Bets that never happened Polymarket paid mostly college-age social-media creators to stage bets, and […]
The rise of decentralized prediction markets like Polymarket could disrupt traditional sports betting, offering transparency and new investment avenues. The post England vs Ghana World Cup match draws $865K in Polymarket volume as prediction markets heat up appeared first on Crypto Briefing.
A Wall Street Journal probe found none of the roughly $1.9 million in bets shown across 1,100-plus creator videos were real.
Lookonchain says three wallets made $24.25M from World Cup bets on Polymarket, raising fresh questions about prediction market oversight.
Republican Rep. Bryan Steil has introduced the Stop Lawmakers from Predicting Act, a bill that would bar House members, their spouses and their children from wagering on political and policy outcomes via prediction markets. A New Line Between Lawmaking and Betting Rep. Bryan Steil (R-Wis.), chairman of the Committee on House Administration, unveiled the measure […]