Insider Trading Suspected on Polymarket Following Axiom Investigation

A recent investigation by ZachXBT into Axiom, a decentralized finance (DeFi) platform, has sparked controversy surrounding the use of insider information on Polymarket, a popular decentralized prediction market.

According to Defioasis, an onchain investigator, eight wallets suspected of insider trading accumulated over $1.2 million by betting on the outcome of ZachXBT's investigation into Axiom.

The wallets in question were identified as likely having privileged information due to their transaction patterns, with three addresses achieving profits exceeding $100,000 each. Notably, all eight wallets operated exclusively in the Polymarket market related to the Axiom investigation.