Polymarket's viral videos showed people winning big, but the bets were fake
An investigation revealed that Polymarket paid social media influencers to film fake betting videos on cloned websites. These videos falsely depicted users winning large sums of money to attract new participants to the platform.
Why it matters
The findings raise serious ethical and regulatory concerns regarding marketing practices in the unregulated prediction market sector.
No free money Polymarket s viral videos showed people winning big, but the bets were fake Winning bets were made on cloned website and would have lost money, WSJ finds.
The article reports on investigative findings regarding deceptive marketing practices, maintaining a factual tone.
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