polymarket

Polymarket prediction markets fake bets undermine credibility

Polymarket prediction markets fake bets undermine credibility

Polymarket's Fake-Bet Influencers Just Killed the Credibility Prediction Markets Promised Imagine a tool that's supposed to aggregate the wisdom of crowds—thousands of people betting real money on future events—and use that collective signal to answer hard questions about what's actually going to happen. Now imagine that tool's operator is paying Instagram creators to film themselves placing bets that don't exist, celebrating wins that never occurred, all designed to make the platform look busier and more exciting than it is. That's not a hypothetical. Per The Verge, Polymarket reportedly paid people to post fake videos of themselves placing bets, and a…
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