TLDR Tech / Crypto
Polymarket Paid Offshore Clippers and Fake Sites to Promote in the US
A WSJ investigation found Polymarket paid offshore content creators to promote its prediction market to US audiences, circumventing its CFTC-mandated ban on American traders. Polymarket built mirror websites replicating its platform and paid creators to simulate wins on the fake sites, with creators altering headlines and using outdated footage to fabricate profitable bets. Streamer Adin Ross received multiple millions of dollars for promotional content targeting the US market. The scheme exposes Polymarket to CFTC enforcement action and potential platform restrictions at a time when US regulators are already examining prediction market operations.
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