BTC $63,918.63 -1.89%
ETH $1,870.31 -2.60%
BNB $599.63 -1.39%
XRP $1.01 -2.06%
SOL $75.91 -1.60%
TRX $0.3307 +0.37%
DOGE $0.0696 -1.16%
ADA $0.1933 -2.15%
BCH $213.53 -1.48%
LINK $8.22 -1.28%
HYPE $55.19 +0.85%
AAVE $89.59 -1.72%
SUI $0.6883 -1.58%
XLM $0.1621 -0.16%
ZEC $497.78 -3.39%
BTC $63,918.63 -1.89%
ETH $1,870.31 -2.60%
BNB $599.63 -1.39%
XRP $1.01 -2.06%
SOL $75.91 -1.60%
TRX $0.3307 +0.37%
DOGE $0.0696 -1.16%
ADA $0.1933 -2.15%
BCH $213.53 -1.48%
LINK $8.22 -1.28%
HYPE $55.19 +0.85%
AAVE $89.59 -1.72%
SUI $0.6883 -1.58%
XLM $0.1621 -0.16%
ZEC $497.78 -3.39%

poly

All
Article
Flash

Trump's eldest son is associated with Kalshi and Polymarket, raising concerns about conflicts of interest and information advantages

According to Fortune, the Trump family is accelerating its entry into the prediction market space, with the Trump Media Technology Group developing a prediction market platform called TruthPredict, allowing users to trade prediction contracts related to significant events. The company has also launched the Truth API, providing Wall Street with quick data access to Truth Social content. Additionally, Donald Trump Jr., the eldest son of Trump, currently serves as a strategic advisor to Kalshi, and his venture capital firm 1789 Capital has invested in competitor Polymarket and joined the advisory board of Polymarket. This means the Trump family is simultaneously associated with the two major prediction market platforms, while the Trump Media Group is building its own prediction market business.Although there is currently no public evidence showing that Donald Trump Jr. or the Trump family is trading on government insider information, the potential conflicts of interest arising from the intertwining of presidential public information, market trading, and family business interests are drawing external attention. Federal agencies are still investigating whether former White House teleprompter operator Gabriel Perez used advance knowledge of Trump's speech content to trade in related markets on Kalshi. The team of Donald Trump Jr. and the Trump Media Technology Group have yet to formally respond to requests for comments regarding insider trading related to the prediction market.

Polymarket will upgrade the settlement rules for the cryptocurrency rise and fall market: abandoning the single price snapshot and switching to a time-weighted average price

According to official news, the prediction market Polymarket announced a significant adjustment to its settlement mechanism for cryptocurrency price fluctuation markets starting from August 7, to protect market integrity. From midnight UTC on that day, the affected markets will no longer settle based on a single price snapshot at a specific time but will instead use a time-weighted average price.Markets of different durations correspond to different TWAP windows: all cryptocurrency 5-minute markets will use a 30-second TWAP, 15-minute markets will use a 60-second TWAP, and 4-hour markets will also use a 60-second TWAP. The previous single snapshot settlement method was prone to price manipulation during periods of low liquidity, and this change is a proactive reinforcement of the market integrity system by Polymarket after facing regulatory scrutiny.To support this transition, Polymarket will inject $1 million in liquidity rewards into all affected markets throughout August. On the technical side, Chainlink TWAP testnet data streams are now available, and mainnet data streams along with Polymarket real-time data stream services will go live on August 4, at which point developers can access TWAP prices directly through Chainlink Data Streams or Polymarket's public WebSocket.

Gate's prediction market World Cup section concludes, with trading volume ranking first in the Polymarket channel

The 2026 World Cup has concluded, and Gate Prediction Market's World Cup section has simultaneously completed its event cycle services. As a one-stop prediction experience portal built around the World Cup, during this event, Gate Prediction Market recorded a total participation of 501,190 users, with a total trading volume exceeding 528 million USD and a total of 2,630,280 transactions, continuously demonstrating user engagement in the sports event prediction scenario. According to data from Polymarket Builders, Gate Prediction Market's trading performance continues to lead, with a single-day trading volume on July 19 ranking first in the Polymarket channel, and the cumulative trading volume for the past week and this month also ranking first in the Polymarket channel.Gate continues to expand its sports prediction scenarios, launching the "E-sports Peak Trading Season" event from July 20, 16:00 to August 10, 16:00 (UTC+8), with a total prize pool of 200,000 USDT. During the event, users can sign up and participate in designated event prediction trading in the Gate Polymarket e-sports section to enjoy newcomer benefits, weekly trading tasks, and prediction trading leaderboards, sharing in generous rewards.As the first centralized trading platform to integrate with Polymarket, Gate has become an important entry point for users to participate in the prediction market. Users can directly access the prediction market through the Gate App, entering the Polymarket page from the homepage Alpha section, and conveniently participate in various event predictions using USDT in their accounts. Users can also utilize the "Smart Money" feature to track high-win-rate traders' positions and market judgments, gaining more reference for event predictions. Gate is continuously expanding the application scenarios of the prediction market, providing users with a diversified experience from event judgment to trading participation.

Approximately $200 million in trades on Polymarket in the first half of the year were flagged as potential insider trading

According to Bloomberg, as prediction markets like Polymarket and Kalshi expand, the issue of betting using non-public information or informational advantages is receiving more scrutiny. Bloomberg Businessweek analyzed approximately 34,000 potential insider trading cases flagged by Polysights between August 2025 and June 2026; these related trades exhibited characteristics such as newly created accounts, low probability entries, large bets, or high trading concentration, but it cannot be determined that traders violated rules based on this.Data shows that from January 1 to June 30 of this year, the amount of suspicious trades flagged on Polymarket was approximately $200 million, with geopolitical and war-related markets driving a significant increase in abnormal trading volume. The profits from potential insider trading are highly concentrated, with the top 1% of accounts in profit wallets earning more than half of the gains, and 57% of related wallets created less than 24 hours before the trades. Some traders are reducing the likelihood of being discovered by using multiple associated wallets and splitting orders. For example, 38 associated addresses placed bets in 90 geopolitical markets related to Iran and Venezuela, achieving a win rate of 98%, with total profits of $1.6 million, and withdrew funds using the same Coinbase deposit address.Polymarket stated that it will monitor insider trading and other illegal activities, and has so far referred nearly 100 wallets to law enforcement agencies. Kalshi has also strengthened identity and employment information checks, and restricted participation in related markets by political candidates, athletes, and others who may influence outcomes.
app_icon
ChainCatcher Building the Web3 world with innovations.