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WSJ Accuses Polymarket of Fake WinsThe Wall Street Journal reported that
Polymarket paid bloggers to post videos showing supposedly successful bets on its platform. Journalists analyzed over
1,100 videos and claimed most of the displayed bets were fake.
The videos used clone websites mimicking
Polymarketβs interface, and some creators showed "wins" using old footage and fake headlines. The campaign amassed over
140 million views on social media.
Polymarket paid bloggers to create fake videos showing winnings, according to
WSJ analysis of
1,105 videos from
10 bloggers.
None of the bets were real, creators filmed fake wins on site copies costing
$2β3,000 per month. In
118 videos, bloggers "earned"
$900,000, while real bets would have lost
$166,000.
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