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Headline : No, Polymarket Whales Arent Evidence of Prediction Market Manipulation

Read more from the original article on here at www.coindesk.com.





Tags : #polymarket #whales #arent #evidence #prediction #market #manipulation


No. of Paragraph 28

It seems likely that a small group of traders (or possibly a lone individual) have pushed up former President Donald Trump’s odds on Polymarket, the crypto-based prediction market, by heavily betting on the Republican nominee.

There has been a good deal of handwringing about this, both from supporters of vice president and Democratic nominee Kamala Harris on X (formerly Twitter) who have an obvious incentive to call the markets manipulated, and from the mainstream press. “[T]he surge might be a mirage manufactured by a group of four Polymarket accounts that have collectively pumped about $30 million of crypto into bets that Trump will win,” The Wall Street Journal speculated.

Indeed, there may be a lone bettor who has gone very long on Trump. But that's not necessarily evidence of something sinister.

Aubrey Strobel is a communications partner at Bitcoin app developer Trust Machines and the host of The Aubservation podcast.

Read more from the original article on here at www.coindesk.com.


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