Allegations Of Money Laundering On Polymarket Surface In Leaked Email

According to Odaily, a recent email disclosed by X user @sarah07144297 has brought to light allegations of money laundering and wash trading on the Polymarket platform. The email, reportedly from a Kalshi growth department executive, was addressed to an unidentified journalist and claimed that numerous accounts on Polymarket exhibit typical money laundering behaviors, with many wash trades being quite apparent. The executive's account has since been set to private. The authenticity of the email and its contents have not been independently verified. However, the email suggests that this might be an attempt to further tarnish Polymarket's reputation amid increasing scrutiny, without providing any new or conclusive evidence. The situation highlights ongoing concerns and discussions around the integrity of trading practices on decentralized platforms like Polymarket, which have been under the regulatory microscope in recent times.