Polymarket paid influencers to fake winning bets, built dummy websites to pull it off
Serving tech enthusiasts for over 25 years.
TechSpot means tech analysis and advice you can trust.
Fake BS: Prediction markets such as Polymarket and Kalshi have exploded in popularity, even as both platforms contend with regulatory pressure and fraud allegations. While Kalshi means to dodge comparisons to illegal sports betting, Polymarket now faces accusations that it paid a network of social media creators to stage fake winning bets on camera.
The Wall Street Journal reports that Polymarket paid at least 10 influencers over the past several months to post videos in which they pretended to win hundreds of thousands on fake wagers. The Dow Jones, which publishes the Journal, currently has a data partnership with Polymarket.
In one example that typifies the strategy, influencer George Makihara posted a video in January that appears to show him betting that President Donald Trump would say the word "McDonald's" that month. The...
Copyright of this story solely belongs to techspot.com. To see the full text click HERE
