Polymarket Has Reportedly Been Paying Creators To Post Fake Betting Videos
The Wall Street Journal reviewed 1,105 videos along with guidance given to creators for crafting their posts.
In case you needed another reason to be wary of those videos showing people winning big on Polymarket, an investigation by The Wall Street Journal has found that the company is paying social media creators to post misleading content promoting the prediction market. Of the 1,105 TikTok videos the publication reviewed, 778 appeared to show someone placing a bet — but a closer look reportedly revealed that none of the latter featured the actual Polymarket website, instead using dummy sites made to look like the real thing.
For more than half of the videos that appeared to show winning bets, those bets would in reality have been losses, The Wall Street Journalreports. The publication spoke to creators who worked with Polymarket and viewed materials they say they were given to ensure their...
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