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Benzinga
Benzinga
Business
Namrata Sen

Polymarket Faces Fresh Insider Trading Scrutiny After 152 Wallets Allegedly Made $8 Million Betting on US Military Markets: Report

Polymarket United States ACDC Bitcoin
Soldiers Are Using Laptop Computer For Surveillance During Military Operation In The Desert.

Prediction platform Polymarket is facing renewed scrutiny over suspected insider trading after research flagged more than 150 wallets that allegedly profited from bets tied to confidential U.S. military information.

The nonprofit Anti-Corruption Data Collective (ACDC) suggested on Thursday that insider trading on military information may be happening on the prediction market. ACDC’s study identified “long-shot” bets, defined as wagers of at least $2,500 placed within an hour on an outcome with odds of 35% or less.

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