Polymarket's Wash Trading: A Growing Concern
Update: 2025-11-08
Description
New research reveals potential wash trading on Polymarket, a popular crypto prediction platform. Fourteen percent of its active wallets show suspicious patterns, possibly inflating activity for future token rewards. The platforms lack of KYC verification and transaction fees facilitate this practice. While Polymarket isnt confirmed to be involved, the reports authors suggest airdrop farming as a motivation. Despite regulatory challenges, Polymarket has seen significant success, with over $18 billion in trading volume and one million users. The study highlights the varying prevalence of wash trading across markets, emphasizing its impact on market health.
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