Polymarket · Wall Street · Amazon · The Verge
Since the Journal started asking questions, many creators have scrubbed the videos from their accounts
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Key facts
- The clips showed people winning $900,000 on bets that would have lost $166,000
- In 118 videos, the creators were shown reacting to winning bets totaling almost $900,000
- According to the Journal ’s investigation, none of the bets placed in the over 1,100 videos it reviewed were real
- According to a Wall Street Journal investigation, Polymarket has been paying people to film themselves placing fake bets and celebrating fake wins on social media
Summary
The clips showed people winning $900,000 on bets that would have lost $166,000. According to a Wall Street Journal investigation, Polymarket has been paying people to film themselves placing fake bets and celebrating fake wins on social media. The videos posted on social media look legit at first, but there are subtle clues that betray them as fraudulent. In 118 videos, the creators were shown reacting to winning bets totaling almost $900,000. Since the Journal started asking questions, many creators have scrubbed the videos from their accounts, and Polymarket has taken down sites like “poiymarket,” which were used as part of the ploy. The Atlantic created a searchable database of the music used to train AI.