| What to Know: – Suspected insider wallets netted $1.2 million on Polymarket. – Polymarket profits hit $1.2M from allegedly insider-linked wallets. – Insider-style activity reportedly yielded $1.2M via Polymarket wallets. |
Suspected insider-linked wallets netted roughly $1.2 million on Polymarket tied to the ZachXBT Axiom expose, with eight addresses dominating profits, as reported by BeInCrypto, The Block, and Coinpaper. The figures also include a standout wallet parlaying a five-figure stake into nearly $500,000, twelve wallets turning about $400,000 into roughly $1.42 million, and 52 regular bettors losing more than $1.6 million.
ZachXBT alleged that Axiom employees misused internal support tools to access private wallet data and share addresses, providing context for how information asymmetry could arise, as per LiveBitcoinNews.
Bets clustered shortly before the public release of the ZachXBT Axiom expose, concentrating size into event contracts likely to benefit from a negative revelation. Based on data from Forklog, several top-earning addresses showed one-off, well-timed entries and limited prior activity on the market, patterns that differ from typical retail behavior.
The operational backdrop is critical. Allegations of internal tool misuse at Axiom offer a plausible path for information leakage, though on-chain traces alone do not reveal who knew what and when. Any definitive attribution would require internal logs and access records to correlate knowledge with trades.
Public address histories suggest a consistent footprint: single-bet participation, timing just before the announcement window, minimal prior engagement with the market, and rapid resolution shortly after disclosure. In aggregate, these indicators align with Polymarket insider trading risk rather than ordinary speculation, but they stop short of legal proof without corroborating internal evidence.
In a recent advisory on CFTC prediction markets, the U.S. Commodity Futures Trading Commission’s Division of Enforcement underscored that “misuse of non‑public information” is “within scope under current regulations.” This framing indicates that if non-public operational data informed event-contract bets, existing rules may allow enforcement.
Axiom has publicly signaled remedial steps and accountability. The company said it was “surprised and disappointed” and would “hold those responsible accountable,” indicating access changes and an ongoing internal review.
At the time of writing, and based on delayed Nasdaq quote data, Tesla, Inc. shares recently traded near $406.55 with pre-market indications modestly lower. While unrelated to this case, the reading provides neutral context on broader risk sentiment.
Disclaimer:
Marketbit.io provides cryptocurrency news, alerts, commentary, and entertainment content for informational purposes only. Nothing published on this site constitutes financial, investment, legal, or trading advice. Cryptocurrency markets are highly volatile and involve substantial risk, including the potential loss of capital. Always conduct your own research (DYOR) and consult with a qualified financial professional before making any investment decisions.
