Columbia Study: Polymarket Trading Suspicious

Striking Findings from Columbia University

Researchers at Columbia University have revealed that approximately 25% of the trading volume on Polymarket could be fake. This situation is said to be influenced by a type of transaction known as wash trading.

Suspicious Transactions on the Rise

In some analyzed weeks, more than 90% of the transactions in the election and sports markets were flagged as suspicious. Researchers suggest that the purpose of wash trading could be to manipulate future incentives, in addition to being a strategy that does not aim for profit.