Polymarket prediction platform possibly manipulated to favor Trump: Report
- Trump's odds of defeating Vice President Kamala Harris have surged on Polymarket, an online betting platform linked to Peter Thiel's funding.
- Around $30 million has been bet on Trump by four mysterious accounts, possibly from the same entity.
- Christopher Gerlacher stated that 'Polymarket's spike was almost certainly a case of market manipulation.
35 Articles
35 Articles
Large Bets in Election Prediction Market Are From Overseas, Source Says
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A Mystery $30 Million Wave of Pro-Trump Bets Has Moved a Popular Prediction Market
Vice President Kamala Harris and former President Donald Trump are neck and neck in the polls. But in one popular betting market, the odds have skewed heavily in Trump’s favor, raising questions about a recent flurry of wagers and who is behind them.
Large bets in election prediction market are from overseas, source says
Four accounts on crypto-based prediction market Polymarket that placed large bets on former President Donald Trump winning the 2024 election, and have been the subject of much online speculation, are owned by non-Americans or a non-American, according to a source familiar with the matter on Friday.
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