Analysts Find One-Third of Polymarket's Presidential Market Volume Tied to Wash Trading

Analysts from Chaos Labs and Inca Digital have uncovered evidence of rampant wash trading on Polymarket, a leading electoral betting site. Blockchain research indicates that approximately one-third of the trades on Polymarket's presidential market are fake, suggesting market manipulation to create false volume and activity. This revelation, reported by Fortune, casts doubt on the reliability of Polymarket's election odds, which have been widely shared across social media and mainstream media outlets.

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