Research finds that Polymarket's over 210,000 suspicious transactions brought in $143 million in profit for "informed" traders.
Research shows that researchers from Columbia Law School and the University of Haifa analyzed trading data from the Polymarket platform and found over 210,000 suspicious transactions that generated $143 million in profits, which were defined as "informed" trades. The study used five criteria to filter out high-stakes betting accounts, primarily focused on the 2024 U.S. elections, Federal Reserve decisions, and sporting events. The research methodology has been questioned, with the authors admitting that biases may exist. Meanwhile, Polymarket has banned trading based on stolen information, but the collection of identity information is unclear.
GateNews·42m ago