Analysts at Chaos Labs and Inca Digital found that wash trading constitutes around one-third of trading volume on Polymarket, creating misleading impressions of market activity.
With a 67% chance of winning, Donald Trump's odds have become a focal point for many users on Polymarket, despite concerns over the platform's trading integrity.
The significant portion of trading volume attributed to wash trading raises doubts about the reliability of Polymarket's predictions as U.S. elections approach.
Founded in 2020, Polymarket has been a major player in electoral betting, but recent investigations reveal potential manipulation undermining its credibility.
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