Polymarket producers paid to post fake videos of people betting and winning.

According to a Wall Street Journal In an investigation, Polymarket has been paying people to take selfies and place fake bets and celebrate fake wins on social media. WSJ identified more than 1,100 scams and spoke to manufacturers who, although they did not say this in their videos, confirmed the company. paid to make videos.

Videos posted on social media appear legitimate at first, but there are subtle clues that show them as scams. For example, upon closer inspection, one video clip shows someone visiting “poiymarket.com” rather than polymarket.com. According to Journal of research, none of the bets placed in the more than 1,100 videos they analyzed were real. In 118 videos, the creators were shown fighting for a winning bet of nearly $900,000. But in reality, the bet would have lost $166,000.

Starting from Journal they started asking questions, many producers analyzed videos from their accounts, and Polymarket has removed sites like “poiymarket” that were used as part of the scam.