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Polymarket taps Chainalysis to police insider trading
Polymarket partners with blockchain analytics firm Chainalysis to detect and prevent insider trading on its prediction markets platform.
What: Polymarket, a cryptocurrency-based prediction market, has brought on Chainalysis to monitor for insider trading activities, joining competitor Kalshi in efforts to address trading integrity concerns.
Decoder
- Polymarket: A cryptocurrency-based prediction market platform where users bet on real-world events using crypto
- Chainalysis: A blockchain analytics firm that tracks and analyzes cryptocurrency transactions for compliance and investigation purposes
- Kalshi: A CFTC-regulated prediction market platform competing with Polymarket
- Insider trading (prediction markets): Betting on event outcomes using privileged non-public information about those events
Original article
Both Polymarket and rival Kalshi have attempted to address concerns about insider trading on the platforms.
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