Polymarket Saw $600 Million in Election Trades After the Elections Were Over
Most of the trading centered on long-shot candidates, and Polymarket blocked the accounts after flagging the activity, the company said.
6 Articles
6 Articles
Over $600 Million in Polymarket Election Trades Took Place After Races Ended
Contracts tied to elections in Ethiopia and Romania saw massive trading volumes after the outcomes were decided. “It’s obviously some form of volume manipulation,” one expert says.
The forecast market platform moved $600 million in business over the electoral dispute even after the vote closed. The data exposes the continued speculative use of an instrument sold as an electoral thermometer.
Two Polymarket electoral markets accumulated more than $600 million in operations, although much of the volume arose from exchanges between accounts and bets on candidates they did not win. Patterns, detected in elections in Ethiopia and Romania, fuel doubts about washing trading and a possible search for future rewards. *** In the Ethiopian market, nearly $284 million came from pairs of accounts that repeatedly bought and sold each other. An an…
Two global electoral markets on the offshore platform Polymarket – Romania and Ethiopia – generated a volume of trading of over $600 million – a much larger amount than that attracted, as a rule, by most markets dedicated to political events. Most of the activity found in the purchase and [...]
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- 50% of the sources lean Left, 50% of the sources are Center
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