Longshot Polymarket Bets on Military Activity Are Paying Off at a Jaw-Dropping Rate
A report by the Anti-Corruption Data Collective found unusually high success rates for longshot bets on military and defense events on the prediction platform Polymarket, raising concerns about potential insider trading. This follows the arrest of a U.S. soldier accused of profiting from advance knowledge of a military operation involving Venezuelan leader Nicolás Maduro. U.S. lawmakers have responded by introducing legislation to ban certain types of bets on prediction markets and passed a resolution prohibiting Senate members from trading on them.
Opening excerpt (first ~120 words) tap to expand
Pricey bets tied to real-world military and defense actions on the prediction marketplace Polymarket are succeeding at surprisingly high rates, according to a new report raising alarm bells about insider trading on the platform and others like it.cnx.cmd.push(function(){cnx({"playerId":"92b7b46b-43ed-4e0e-b21b-2c999302d9d7","settings":{"advertising":{"macros":{"AD_UNIT":"/23178111854/od.gizmodo.com/article","CHILD_UNIT":"article","POST_ID":"2000752908","POST_TYPE":"post","CHANNEL":"tech","SECTION":"politics","SUBSECTION":"","CATEGORIES":"politics","TAGS":"kalshi,polymarket,prediction-markets","NOP":"0"},"timeBeforeFirstAd":0}}}).render("cnx-player-main")}); The Anti-Corruption Data Collective (ACDC) published a report on Thursday analyzing settled Polymarket markets for potential signs of…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Gizmodo.
Discussion
0 commentsMore from Gizmodo
