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The Wall Street Journal: Polymarket Hired Paid Creators to Post Fake Profit Videos

Source: www.wsj.com Event types: Online/Update Regulation/Compliance
According to The Wall Street Journal, prediction market platform Polymarket is accused of hiring paid content creators to post a large number of deceptive “profit showcase” videos on social media—where all claimed earnings are fabricated. An investigation revealed that in one video, a college student claimed to have won $100,000 on Polymarket by betting on “Trump publicly mentioning McDonald’s,” but the reported profit was not real.

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