That Viral Clip You Saw Of Someone Winning Big On Polymarket Was Probably Fake

According to a Wall Street Journal investigation, Polymarket has been paying group to movie themselves placing clone bets and celebrating clone wins connected societal media. WSJ identified complete 1,100 deceptive clips and talked to creators who, contempt not stating arsenic specified successful their videos, confirmed nan institution paid them to create nan clips.

The videos posted connected societal media look legit astatine first, but location are subtle clues that deny them arsenic fraudulent. For instance, erstwhile examined closely, 1 clip shows personification visiting “poiymarket.com” alternatively than polymarket.com. According to nan Journal’s investigation, nary of nan bets placed successful nan complete 1,100 videos it reviewed were real. In 118 videos, nan creators were shown reacting to winning bets totaling almost $900,000. But successful reality, those bets would person mislaid $166,000.

Since nan Journal started asking questions, galore creators person scrubbed nan videos from their accounts, and Polymarket has taken down sites for illustration “poiymarket” which were utilized arsenic portion of nan ploy.