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Maxim
@spikelov
**Polymarket: Manipulation of Election Odds and a $9M Attack** Polymarket is a prediction market that the media views as a reliable platform for assessing candidates’ chances since real people are placing real money bets. Recently, an attempt at manipulation occurred: several users withdrew $9M USDC and bought Kamala YES and Trump NO shares to profit from a derivative market with $5.4M in bets. User DJTHolder invested $11K, expecting a $130K payout, and others made similar bets. Although Kamala’s shares jumped from 2 to 27 cents within 30 minutes, the users ultimately lost $60K. Such manipulation strategies may be attempted again in future markets.
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