Polymarket's prediction contract shows that ZachXBT is under investigation for insider trading, with the contract predicting which company will be named. Before the official announcement, some wallets placed large bets on the correct answer, Axiom. One wallet netted over $400,000, with a return of approximately 7 times. Investigators pointed out that contacting Axiom in advance made leaks "almost unavoidable," and the lack of identity verification mechanisms on this offshore betting platform also increased the difficulty of tracing the source. Axiom stated that they are "shocked and disappointed" and are investigating the matter.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Polymarket's prediction contract shows that ZachXBT is under investigation for insider trading, with the contract predicting which company will be named. Before the official announcement, some wallets placed large bets on the correct answer, Axiom. One wallet netted over $400,000, with a return of approximately 7 times. Investigators pointed out that contacting Axiom in advance made leaks "almost unavoidable," and the lack of identity verification mechanisms on this offshore betting platform also increased the difficulty of tracing the source. Axiom stated that they are "shocked and disappointed" and are investigating the matter.