FinancePolymarket Faces Insider Trading Scrutiny Across 150 Wallets
ACDC's analysis identifies 556 Orca wallets on Polymarket that opened accounts, placed long-shot bets on low-probability outcomes, and frequently cashed out, with 152 wallets in military/defense markets generating about $8 million and an average win rate around 97.2%. The findings sharpen concerns about insider information and potential market manipulation on Polymarket, fueling calls for investigation amid broader regulatory scrutiny of prediction markets.