🚨NEW: Stanford study exposes widespread manipulation across 5-minute Bitcoin markets
Researchers from Stanford University and Singapore Management University found evidence that traders exploited Polymarket’s five-minute Bitcoin markets by manipulating spot prices around settlement to profit at the expense of retail users.
The study identified 821 suspected manipulators who allegedly pocketed $8.2 million by placing concentrated trades in the final seconds before settlement, briefly moving Bitcoin prices before they rapidly reversed.
Researchers found that extending contract durations to 15 minutes and moving away from reliance on a single Chainlink-based settlement price could largely eliminate the manipulation.
Researchers from Stanford University and Singapore Management University found evidence that traders exploited Polymarket’s five-minute Bitcoin markets by manipulating spot prices around settlement to profit at the expense of retail users.
The study identified 821 suspected manipulators who allegedly pocketed $8.2 million by placing concentrated trades in the final seconds before settlement, briefly moving Bitcoin prices before they rapidly reversed.
Researchers found that extending contract durations to 15 minutes and moving away from reliance on a single Chainlink-based settlement price could largely eliminate the manipulation.
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