Polymarket Trades Raise Concerns Over Insider Knowledge

Polymarket, a decentralized prediction platform, has come under scrutiny after two anonymous wallets made significant profits from bets related to ZachXBT's investigation into Axiom Exchange. The trades were placed before the report went public, raising questions about potential insider knowledge.

The wallets, which had no prior activity on Polymarket, funded their accounts and placed trades shortly before the report's release. According to blockchain data, they combined $60,000 to bet on Axiom being identified as involved in insider trading.

The market moved sharply after the report was published, with the probability assigned to Axiom rising within minutes. The two wallets closed their positions and secured over $40,000 in profit, based on public transaction history.