Bitcoin Magazine
Traders Took $8.2 Million From Polymarket’s Five-Minute Bitcoin Bets, Study Found
A new study found that Polymarket's five-minute Bitcoin contract functioned as a wealth transfer mechanism, funneling money from retail traders to a small group of manipulators while distorting Bitcoin's spot price.
This post Traders Took $8.2 Million From Polymarket’s Five-Minute Bitcoin Bets, Study Found first appeared on Bitcoin Magazine and is written by Micah Zimmerman.