CoinDesk·3 min read·medium
How a five-second trick let traders drain millions from Polymarket
O
Olivier Acuna
✦AI Summary
Researchers have identified a structural vulnerability in Polymarket that allowed traders to manipulate crypto-based prediction markets for millions in profit. In response, the platform is updating its resolution rules and adding liquidity rewards to stabilize the market.
The researchers had found that 821 accounts made $8.2 million in settlement windows they classified as likely manipulated, prompting criticism that Polymarket’s rules let a small number of traders profit at others’ expense.
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