Polymarket: Does the New York Times’ “Suspicious Bet” Stand Up to On-Chain Data?

Share

Researchers from Vanderbilt University identified an account, “dubdubdub2,” that bet $191,277 on Pete Ricketts’ victory in Nebraska roughly one hour before a Times/Siena poll gave him a six-point lead. The same account committed $622,608 on Michigan before a poll favored Democrat Abdul El-Sayed, earning approximately $258,000 on these positions. According to The Block, the bettor had lost $783,000 on Hyperliquid during the preceding 26 hours, which contradicts the assumption of guaranteed expertise. Polymarket detected the transactions immediately and said it was investigating, while Kalshi did not comment; the case remains unresolved amid increased scrutiny of prediction markets.

Source: Read the original article

Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

Read More

Items