Insider trading backlash forces Polymarket to step up surveillance
Polymarket has selected Chainalysis to flag suspicious trades as insider betting concerns mount and regulators tighten scrutiny on prediction markets.
Prediction market platform Polymarket is rolling out new monitoring and detection tools following backlash over alleged insider-informed betting activity, partnering with blockchain analytics company Chainalysis to strengthen oversight.
Polymarket said Thursday it selected Chainalysis to provide an onchain market integrity solution aimed at monitoring trading activity and enforcing platform rules.
The detection model is “designed to surface patterns consistent with insider knowledge in prediction markets,” the company said.