Insider Trading Concerns Emerge on Polymarket Amid Axiom Investigation
A recent investigation into decentralized finance platform Axiom has uncovered suspicious trading patterns on Polymarket, a prominent prediction market. According to blockchain researcher Defioasis, analysis revealed that several wallets made substantial profits, which may have been facilitated by insider knowledge.
The research highlighted three wallets in particular, each of which exclusively traded on the single Polymarket contract and generated over $100,000 in profit. This lack of prior trading activity elsewhere has deepened suspicions that these addresses might have had privileged access to nonpublic information.