Polymarket Faces Ethical Concerns Amidst 2024 Presidential Betting Surge

Polymarket, a predictions market on Polygon, is gaining attention amid the U.S. presidential campaign, with Donald Trump currently favored to win at 61% over Kamala Harris. However, concerns about transparency arise as analysts suggest the platform is misleading users by emphasizing volume over open interest, which stands at around $200 million, far less than the reported $2 billion in market volume. As the election approaches, questions about the platform’s ethical practices and liquidity management continue to surface.

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