#PolymarketFakeTradingVideoWSJReport

Polymarket is a prediction market - a platform where people trade on the outcome of future events using money.

According to the report, creators allegedly used simulated / dummy Polymarket interfaces to make it look like they were placing huge profitable bets even though the trades were not real. The Journal says some creators were paid and that the content was made to look organic.

For real examples, in Binance you will see questions like:

Will $BTC hit $150k this year?

Will the Fed cut rates in July?

Will Team A beat Team B?

If a market says “Yes” = $0.65, it means the market is pricing a 65% chance of that event happening.

If you buy YES at $0.65 and the event happens, that share becomes $1.

If the event does not happen, it becomes $0.

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