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Polymarket's viral videos showed people winning big, but the bets were fake

Polymarket is seeking the CFTC’s permission to bring its main exchange back to the US, but also offers a more limited, US-regulated version of its trading service through a mobile app. Polymarket launched the app last year after acquiring QCX, a firm that is licensed by the CFTC and now operates under the name Polymarket US. The Journal said it reviewed 1,105 videos made by 10 creators and identified fake bets totaling $1.9 million. While most of the videos were of fake bets being placed, there ...

Read more at arstechnica.com

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