Tag: polymarket

Prediction market platform Polymarket confirmed that hackers stole user funds after a third-party vendor was compromised, injecting malicious code into its website. Blockchain monitoring firms estimate the losses at approximately $3 million in cryptocurrency, affecting at least 11 user wallets. Polymarket has stated it has contained the issue and will fully refund all impacted users.

By NeuraFeed

Prediction market platform Polymarket is facing intense scrutiny following a Wall Street Journal investigation revealing it allegedly paid creators to produce and disseminate over 1,100 deceptive videos featuring fake bets and fabricated winnings on social media. These videos, often filmed on "near-perfect copies" of the Polymarket website, showcased non-existent trades and profits, contradicting the platform's core pitch of auditable, on-chain transactions. The campaign reportedly aimed to attract users, including those in the U.S. where the platform's services are restricted.

By NeuraFeed

A U.S. Army Master Sergeant, Gannon Ken Van Dyke, has been arrested and charged for allegedly using classified government information to make over $400,000 on the prediction market platform Polymarket. The charges stem from bets placed on the capture of Venezuelan President Nicolás Maduro, an operation in which Van Dyke was directly involved. Authorities accuse him of insider trading, violating his oath, and attempting to conceal his identity after the successful operation.

By NeuraFeed