Polymarket · Wall Street · Spain · Engadget
Polymarket has reportedly been paying creators to post fake betting videos
Compiled by KHAO Editorial — aggregated from 2 sources. See llms.txt for citation guidance.
✓ KHAO Verified
The Wall Street Journal reviewed 1,105 videos along with guidance given to creators for crafting their posts.
Key facts
- The Wall Street Journal reviewed 1,105 videos along with guidance given to creators for crafting their posts
- In case you needed another reason to be wary of those videos showing people winning big on Polymarket, an investigation by The Wall Street Journal has found that the company is paying social media
- For more than half of the videos that appeared to show winning bets, those bets would in reality have been losses, The Wall Street Journal reports
- The publication spoke to creators who worked with Polymarket and viewed materials they say they were given to ensure their videos were convincing and engaging
Summary
In case you needed another reason to be wary of those videos showing people winning big on Polymarket, an investigation by The Wall Street Journal has found that the company is paying social media creators to post misleading content promoting the prediction market. For more than half of the videos that appeared to show winning bets, those bets would in reality have been losses, The Wall Street Journal reports. Polymarket has been making headlines this year as governments grapple with how to regulate prediction markets.