Polymarket Faces Criticism Over False Information on Social Media

On January 23, Polymarket, a prediction market platform, faced widespread criticism from the crypto and media communities for posting false information on its official X account. According to BlockBeats, investor DCinvestor announced unfollowing Polymarket's official account, citing the frequent dissemination of misleading information presented as 'breaking news,' which severely misguides users. Media professional Rachel Karten also highlighted that Polymarket's official account 'often publishes completely fabricated news,' describing this behavior as 'very strange.' A particular point of contention was a tweet labeled 'JUST IN,' where Polymarket claimed Jeff Bezos advised Gen Z entrepreneurs to work at companies like McDonald's or Palantir before considering entrepreneurship. Jeff Bezos himself directly refuted the claim, stating, 'Not true. I'm not sure why Polymarket would fabricate this.' This incident has raised concerns about the credibility of Polymarket's information and its content review mechanisms. As the influence of prediction markets continues to grow, the dissemination of false information by official accounts is seen as potentially misleading for user decisions and market sentiment.