PANews, August 20: According to Reuters, a study by the nonprofit organization ACDC found that over 150 wallets on the Polymarket International platform may have traded using insider information from the U.S. military, attracting copycat bettors and raising concerns that this market could be leaking signals exploitable by foreign adversaries. ACDC’s database identifies 556 wallets they call “Orca whales,” which typically make high-risk, high-reward bets on niche markets where insiders often hold informational advantages, then cash out and vanish. Among these, 152 wallets achieved particular success by betting on military and defense markets, collectively earning $8 million with an average win rate of 97.2%.
Study finds over 150 Polymarket wallets may have traded military secrets.
PANewsShare
Summary
A recent study by the nonprofit ACDC reveals that over 150 wallets on Polymarket International may have traded using U.S. military insider information. Identified as 'whales,' these wallets placed high-risk bets in niche markets with a 97.2% win rate, earning $8 million before disappearing. The unusual risk appetite and trading volume suggest potential misuse of confidential data.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.