Odaily Planet Daily reports that Shana Bautista, Global Intelligence and Investigations Lead at Polymarket, said Polymarket has investigated dozens of trades related to the U.S. midterm elections, focusing on potential insider trading and market manipulation. A knowledgeable source, who is not authorized to speak publicly, revealed that at least two of these cases have been referred to the U.S. Commodity Futures Trading Commission (CFTC).
Bautista said Polymarket has assembled a 16-person investigative team and deployed a new election trading monitoring system ahead of the U.S. midterm elections on November 3. The system aggregates data from social media, the U.S. Federal Election Commission (FEC), cryptocurrency firms, banking partners, and other public sources, generating hundreds of anomalous trading alerts daily. She noted that the investigative team can identify potential manipulation activities through behavioral patterns such as concentrated trading across multiple accounts in a short time frame or the use of the same device ID across different wallets. (NPR)