A programmer recently gained $75,000 in profits by using an AI-enabled bot to monitor suspicious trading activity on Polymarket, as per a post by Archive on X. The developer reportedly made a custom monitoring system that studied the prediction market platform for unusual betting patterns, as per the social media
An analyst has claimed that prediction markets such as Polymarket automatically recommend data-rich insiders, due to which most retail traders are exposed to loss, fake volume and behavioural traps. The analyst also alerted that around 99% of retail users on prediction markets may be at risk of losing capital because
A Polymarket trader has generated nearly $1 million in profits through suspiciously accurate bets on Google’s 2025 Year in Search rankings. The wallet address “0xafEe,” previously known as “AlphaRaccoon,” correctly predicted nearly every outcome in Google search trend markets. The trader purchased “Yes” shares on d4vd, a 20-year-old singer given
Mike Novogratz’s Galaxy Digital is making tactical changes to the fast-growing prediction markets sector to grab a portion of the $9 billion industry opportunity. The firm, which is primarily into crypto investments, is in talks with the top platforms Polymarket and Kalshi for liquidity provision, thus signaling the arrival of
The outfit of Ukrainian President Volodymyr Zelenskyy at a NATO meeting has launched a never-before-seen gambling debate on Polymarket. More than $79 million was bet on the crypto-based prediction platform on whether his June 24 ensemble was a formal suit or not. The argument is still controversial, and it leads
Polymarket, a leading decentralized prediction platform, is under fire after an alleged governance attack led to a controversial market resolution. A large UMA token holder (so-called whale) reportedly manipulated the voting process to secure profits. This left many traders questioning the integrity of the system. The dispute centered on a
Thailand’s cybercrime authorities plan to propose banning Polymarket. The decentralized prediction marketplace facilitates betting on global events using cryptocurrencies. Authorities believe this may qualify as illegal online gambling under Thai law. At a press briefing on Tuesday, Thailand’s cybercrime investigation bureau emphasized the urgency of restricting Polymarket. Officials stated the
Singapore has officially banned Polymarket, labeling it an illegal gambling platform. The restriction follows the country’s stringent Gambling Control Act 2022, prohibiting unauthorized online betting activities. Visitors to Polymarket’s site in Singapore now face a warning from the Gambling Regulatory Authority (GRA), stating potential penalties of up to $10,000, six
The free speech controversy has been going on for a while, since the US elections. Industry leaders and officials such as Elon Musk, Brian Armstring, and Mark Zuckerberg expressed their views on this issue several times on social platforms. On similar grounds, the US DOJ investigated Polymarket for allowing US
The crypto market is getting accustomed to being mind-blown every few days as Bitcoin continues on its upward rally. In the last few hours, the cryptocurrency has rallied to a new ATH of $93,434. Meanwhile, amid positive incidents within the sector, Polymarket’s CEO, Shayne Coplan, faced regulatory scrutiny. The betting
