The true face of the prediction market is coming into view. While Polymarket aims for a valuation of 10 billion dollars, research from Columbia University has revealed an inconvenient truth – approximately 25% of transactions may be wash trading (self-dealing), which is shocking.
It seems that during hot events like presidential elections or sports finals, this ratio can jump up to 60%. In other words, the market's "activity level" may be more hollow than it appears.
However, if you look at it calmly:
• **Industry Comparison**: Over 70% of early unregulated Bitcoin exchanges, and the NFT m
View OriginalIt seems that during hot events like presidential elections or sports finals, this ratio can jump up to 60%. In other words, the market's "activity level" may be more hollow than it appears.
However, if you look at it calmly:
• **Industry Comparison**: Over 70% of early unregulated Bitcoin exchanges, and the NFT m