Polymarket Volume Surges 50% Artificially

Columbia University Study Reveals Artificial Trading on Polymarket

• Columbia University researchers identified inflated trading volumes on Polymarket due to wash trading.
• Wash trading involves buying and selling the same contracts repeatedly to create fake volume.
• The study found this artificial activity was more common in sports markets than in election or crypto-related markets.
• A spokesperson from Polymarket stated the company is reviewing the study but did not assign direct responsibility to the platform.

Researchers from Columbia University discovered that trading volumes on Polymarket, a blockchain-based prediction market platform, are artificially inflated by wash trading, particularly in sports markets. The company is currently reviewing these findings.