Did Polymarket advertise fake profitable bets?

Did Polymarket advertise fake profitable bets?

Polymarket, a leading prediction market platform, has been accused of paying online creators to post misleading videos showing them making profitable bets on its platform.

The Wall Street Journal's investigation into 1,100 videos and instructional materials provided by Polymarket found that many of these clips were filmed on near-exact replicas of the official website.

Fake trades and winnings

The videos in question showcased fake trades and winnings, misleading viewers about the actual functioning of Polymarket.

A marketing contractor's "social media army" further amplified these deceptive clips.

The WSJ also reported that Polymarket instructed creators not to disclose their paid partnership with the company.

However, after journalists started probing into this matter, some creators added "@polymarket partner" to their bios as a form of disclosure.