Polymarket's Volume Manipulation Linked to Wash Trading
Polymarket's design features enabled large-scale wash trading.
14% of 1.26M wallets flagged as wash trading, with 43K wallets generating $1M.
Fake trading peaked at 60% weekly in December 2024, dropped to 5% in May, and rose to 20% by October.
Polymarket representative reviewed the study amid $15B valuation.
2 months ago