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Kalshi executives reportedly disclosed to reporters that wash trading occurred on Polymarket, but did not provide conclusive evidence

2024-11-17 05:29
Odaily News Recently, in an email disclosed by X user @sarah07144297, a senior executive of Kalshi's growth department allegedly "exposed" money laundering and wash trading on Polymarket to an unidentified reporter. "Many accounts on Polymarket exhibit typical money laundering behavior, and most of these wash trading behaviors are obvious," the email read. The executive's account has now been set to private. The email and its contents have not been independently verified. However, its content suggests that this may just be an attempt to further discredit Polymarket under increasing scrutiny, and no new or conclusive evidence is provided. (Protos)