polymarket advertises fake bets

[dirtywick]

https://www.wsj.com/business/media/we-investigated-polymarkets-deceptive-marketing-campaign-heres-what-we-found-51169858

wsj investigates and finds polymarket made a fake website for social media influencers to make and win bets to promote their gambling but not really gambling because they call it trading instead of gambling business

We reviewed more than 1,100 videos made by 10 of Polymarket’s more than 100 creators. In 70% of the videos, creators appeared to place a bet on websites that looked nearly identical to Polymarket, but were actually dummy sites the company used to film fake trades. Many of the creators didn’t disclose they were paid by Polymarket until we reached out.

Around 10% of the videos went even further, adding outdated footage or fake headlines to imply they won their bets. Those videos depicted the creators winning almost $900,000. We traced how each bet would have actually been resolved and found that in reality, the creators—and anyone who had placed identical bets—would actually have lost more than $166,000.

 

[Andy_Ross]

Coffeezilla has been investigating

 

[dirtywick]

fyi the second part of that video covers another investigation into the marketing department of polymarket getting caught playing dumb like they didn't know they were paying influencers and providing them with a fake site to create the impression that the unrealistic odds they're presenting are reflective of an actual user experience. he goes on to show a bunch of other tech sites are aping the prediction market legal gambling scheme polymarket and kalshi are finding a lot of success.

there's a very funny interview about trump jr's strategic advisor role at about 11:30

 

[TragicMonkey]

A scam about a scam? That's pretty meta.

 

[dirtywick]

scams all the way down

 

[ponderingturtle]

A scam about a scam? That's pretty meta.

Genius american innovation is what that is.

 

[dirtywick]

Fraudsters Are Using Polymarket to Extract Money From Stolen Debit Cards

A bombshell investigation revealed a massive amount of financial fraud roiling Polymarket, and executives couldn't care less.

futurism.com

polymarket being used for money laundering stolen debit and credit cards

 

[I Am The Scum]

A scam about a scam? That's pretty meta.

No, you're thinking of a different company.

 

[Helen]

Fraudsters Are Using Polymarket to Extract Money From Stolen Debit Cards

A bombshell investigation revealed a massive amount of financial fraud roiling Polymarket, and executives couldn't care less.

futurism.com

polymarket being used for money laundering stolen debit and credit cards

I am astonished. No, really. I would never have suspected that someone would do that. Very surprising. No one could have seen that coming!

 

[dirtywick]

Over $600 Million in Polymarket Election Trades Took Place After Races Ended

Contracts tied to elections in Ethiopia and Romania saw massive trading volumes after the outcomes were decided. “It’s obviously some form of volume manipulation,” one expert says.

www.wired.com

seems to be wash trading on "zombie markets" on polymarket

 

[dudalb]

Fraudsters Are Using Polymarket to Extract Money From Stolen Debit Cards

A bombshell investigation revealed a massive amount of financial fraud roiling Polymarket, and executives couldn't care less.

futurism.com

polymarket being used for money laundering stolen debit and credit ca

I fully expect to find out that the Mafia is heavily involved with the polymarket.

 

[dirtywick]

I fully expect to find out that the Mafia is heavily involved with the polymarket.

https://www.politico.com/news/2025/12/21/polymarket-kalshi-ceos-government-00700846

well there’s a crime family involved