Over $600M in Polymarket Election Volume Traded After Races Ended
- —Ethiopia market saw $285M in volume, with $284M from paired accounts trading with each other
- —Only $173K was wagered on Abiy Ahmed winning versus $41M on his chief of staff
- —Trading continued for 123 days after Ahmed's party won 438 parliamentary seats
- —On the Romania market, 99.6% of weekly volume was flagged as wash trading
Why it matters: The findings undercut Polymarket's 'truth machine' narrative and raise the odds of regulatory scrutiny of prediction markets.
Source: Wired Crypto
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