ZachXBT Investigation Sparks Insider Trading Concerns on Prediction Markets

On-chain sleuth ZachXBT has faced criticism for potentially disclosing sensitive information during an interview, fueling speculation of insider trading on prediction markets. In a recent statement, ZachXBT acknowledged that he may have inadvertently revealed privileged information to representatives and experts.

The investigation is set to be published tomorrow, but the market has already been affected by the news. On Polymarket, users are betting on which crypto platform will be mentioned in the investigation, with Meteora currently leading at 47% odds.

Notably, a trader flagged as a potential insider has been buying 'yes' shares for Axiom, a non-custodial DeFi trading platform. This has led to increased speculation about the involvement of insiders in the market.