Some promotional Polymarket content made by online creators isn't real, WSJ reports
Summary
Polymarket, a prediction market platform, is reviewing its promotional materials after a Wall Street Journal investigation found that some videos by online creators showing large winnings were not based on real bets. The company paid creators to make these videos, but the bets shown did not actually happen.Key Facts
- Polymarket is a prediction market where users can bet on outcomes.
- The Wall Street Journal investigated Polymarket’s promotional content.
- Some online creators made videos showing they won $1.9 million in bets on Polymarket.
- The Journal found these bets were not real.
- Polymarket paid creators to make these promotional videos.
- Polymarket is now auditing, or reviewing, its promotional content.
- Neil Mehta, one of the Journal reporters, discussed the investigation publicly.
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