Tag: market manipulation

Polymarket announced a major update to its market integrity policies, targeting insider trading and market manipulation. The platform now prohibits trading on stolen confidential information, illegal tips, and any activity by individuals with authority that could affect outcomes. Enhanced surveillance will trigger reviews of suspicious activity, with possible wallet bans, law‑enforcement referrals, or monetary penalties. The move follows recent concerns over questionable bets on high‑profile events, including the U.S. capture of Nicolás Maduro and an OpenAI product launch, and reflects a broader effort to safeguard prediction markets. Leggi di più

OpenAI has dismissed an employee after an internal investigation found that the worker used confidential company information to place bets on external prediction market platforms. The company said its policies forbid using internal data for personal gain, and the termination was communicated to staff. The incident highlights growing concerns about insider trading on blockchain‑based prediction markets and has prompted broader industry scrutiny. Leggi di più