Polymarket to Audit Startups Amid Market Manipulation Concerns

Prediction market platform Polymarket has announced measures to combat potential market manipulation and will conduct audits on certain startups within its ecosystem. According to Odaily, these startups have been accused of identifying and distributing information on suspected 'insider trading accounts,' encouraging users to follow these trades. The projects in question include Kreo, which focuses on 'early detection of insider accounts,' and Polycool, which offers 'insider trading guides.' These platforms have heightened concerns about insider trading and manipulation by providing users with suspicious account trading data. Polymarket's actions indicate a move towards stricter compliance management within its platform, following ongoing scrutiny over potential insider trading risks in prediction markets.