Source: The Verge
Polymarket, the prediction market platform that's become a political betting hub, was manufacturing social proof by paying users to create fabricated content of trades—a direct violation of the authenticity and organic adoption narrative it's been selling to regulators and users alike. Prediction markets depend on large, diverse crowds of real participants to generate accurate price signals; synthetic engagement undermines that value proposition and reveals how aggressively platforms will game growth metrics when facing regulatory scrutiny and competition.