Suspicious trading signals appear in the prediction market. The on-chain data tracking platform LookOnChain recently disclosed a compelling case: three Polymarket wallets placed accurate bets on the resignation of a certain politician hours before their arrest, ultimately earning $630,000 in profit. More notably, the activity of these wallets is highly focused—they almost exclusively engaged in transactions related to that politician, indicating an unusually high concentration. Such trading patterns raise questions: is there information asymmetry involved? As prediction markets become an increasingly popular application within the crypto ecosystem, issues of transparency and fairness are once again brought to the forefront. Similar insider trading risks remind us that even on decentralized platforms, market regulation and risk prevention must be continuously strengthened. The transparency of on-chain data makes such abnormal behaviors impossible to hide and serves as a warning to the entire ecosystem.
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.
15 Likes
Reward
15
7
Repost
Share
Comment
0/400
MetaverseLandlady
· 01-06 05:04
Isn't this insider trading? It should have been investigated a long time ago.
---
$630,000? This money is too easy to make, I need to study how to play.
---
It's another information gap; Web3 still can't escape this trick.
---
Polymarket is really going to end; this kind of thing has been exposed...
---
There are no secrets on the blockchain, that's just how it is.
---
I said that decentralization can't prevent front-running, and sure enough.
---
Political prediction markets are basically casinos; are people still playing?
---
Three wallets locking onto one person, the tactics are too brazen.
---
Wait, if there really are insiders, what then? That would be outrageous.
---
After prediction markets became popular, the risks came along too. It's only a matter of time.
View OriginalReply0
LiquidatedNotStirred
· 01-06 04:35
Isn't this insider trading disguised as decentralization? Truly impressive.
---
630,000 USD? You must have some really inside information to make such precise bets.
---
Laughing to death, on-chain transparency actually leaves these market manipulations nowhere to hide. Serves them right.
---
Polymarket is just this? Feels even less secure than CEX.
---
Three wallets focused on one politician—this operation is so meticulous it's a bit terrifying...
---
Decentralization ≠ impossible to manipulate. What does this tell us?
---
Insider info combined with prediction markets—this combo punch is pretty ruthless.
View OriginalReply0
PseudoIntellectual
· 01-04 23:47
This is outrageous, making a guaranteed $630,000? The prediction market is now also starting to play insider tricks.
View OriginalReply0
TokenVelocity
· 01-04 10:47
There's an insider, and with such obvious 630,000, why hasn't it been investigated?
View OriginalReply0
GateUser-afe07a92
· 01-04 10:35
How are these three wallets so clever? They knew the news long ago?
Wait a minute, isn't this insider trading? Decentralization can't stop it either.
$630,000, who wouldn't be tempted? The question is, how did they know in advance?
On-chain data is so transparent that it actually becomes evidence of guilt, haha.
Prediction markets really need to be regulated. If this continues, who will still dare to play?
Isn't this just the old trick in the crypto circle? Changing the form but not the substance.
View OriginalReply0
GateUser-e87b21ee
· 01-04 10:29
Is this insider trading too obvious? 630,000 directly falling from the sky?
---
Decentralization can't stop wash trading either, so ironic
---
Three wallets simultaneously targeting accurately, I don't believe it's a coincidence
---
Polymarket needs to be thoroughly investigated; this isn't something that can be explained by regulatory gaps
---
On-chain transparency actually exposes more thoroughly; it's time to wake up those still praising decentralization
---
Information asymmetry exists everywhere, and crypto is no exception
---
Waiting to see the follow-up, Polymarket should issue a statement
---
Catching insider trading still relies on LookOnChain, what about the officials?
Suspicious trading signals appear in the prediction market. The on-chain data tracking platform LookOnChain recently disclosed a compelling case: three Polymarket wallets placed accurate bets on the resignation of a certain politician hours before their arrest, ultimately earning $630,000 in profit. More notably, the activity of these wallets is highly focused—they almost exclusively engaged in transactions related to that politician, indicating an unusually high concentration. Such trading patterns raise questions: is there information asymmetry involved? As prediction markets become an increasingly popular application within the crypto ecosystem, issues of transparency and fairness are once again brought to the forefront. Similar insider trading risks remind us that even on decentralized platforms, market regulation and risk prevention must be continuously strengthened. The transparency of on-chain data makes such abnormal behaviors impossible to hide and serves as a warning to the entire ecosystem.