Polymarket Updates Market Integrity Rules to Strengthen DeFi Platform

Polymarket has announced updates to its market integrity rules for its DeFi platform and U.S. exchange regulated by the Commodity Futures Trading Commission (CFTC). According to BlockBeats, these rules have been incorporated into the platform's Terms of Use and the Polymarket U.S. Rulebook, reinforcing the company's commitment to preventing insider trading and market manipulation, while ensuring market quality and protecting user rights. The updated rules specify three core prohibitions against insider trading: Firstly, trading based on stolen confidential information is prohibited. Participants who possess confidential information about the outcome or potential outcome of an event, and whose use of this information would violate existing trust or confidentiality obligations, are barred from trading any contracts. Secondly, trading using illegal insider information is forbidden. Participants must not trade using confidential information provided by others who have prior trust or confidentiality obligations, especially if the participant knows or should know that the provider of the information is prohibited from using it for trading. Lastly, individuals with the authority or influence to affect the outcome of an event are prohibited from trading contracts related to that event.