• Regulation,  Security,  Technology

    Polymarket Teams With Chainalysis to Detect Insider Trading

    Top prediction market seeks to clean up blockchain betting

    Prediction market Polymarket has partnered with blockchain analytics firm Chainalysis to track and reveal insider trading. There is growing concern about insider trading in prediction markets, in which users bet on the outcome of everything from sporting matches to elections. In April, an Army Green Beret was charged with using classified knowledge of the operation to capture Venezuelan President Nicholas Maduro to win $400,000. He has pled not guilty. Chanalysis will provide data analytics and monitoring systems, investigative tools to provide information for law enforcement and regulators, and onchain security capabilities to assist Polymarket in identifying and eliminating insider trading. The goal is to flag suspicious trading patterns indicating a…

  • Sen. Loeffler sells low
    Commentary,  Politics

    After insider trading fight, Sen. Loeffler sells low

    Former Bakkt CEO and current Georgia Senator Kelly Loeffler blames ‘baseless attacks from political adversaries and the media’ for divesting stock holdings in a down market

    Georgia Sen. Kelly Loeffler announced on April 8 that she and her husband were selling all of their stock holdings following weeks accusations of using her position for insider trading.