POLYMARKET FRAUD EXPOSED — $1.9M IN FAKE BETS ON DUMMY SITES, WSJ INVESTIGATION

Polymarket paid creators to stage fake winning bets on dummy sites to juice volume—WSJ found $1.9M in bogus action designed to make the prediction market look more liquid than it was. The scheme undercuts the platform's credibility with serious bettors and raises questions about what other metrics might be manufactured.

Major scandal with hard numbers; hits core degen platform credibility and investor trust.