How a five-second trick let traders drain millions from Polymarket
60-second summary
Traders are exploiting Polymarket's prediction market with a five-second trick, draining millions from the platform. Despite months of warnings from onchain analysts, the exploit remains unaddressed, allowing traders to artificially push prices. Polymarket is now moving to time-weighted prices to mitigate this issue, making it costly for traders to manipulate prices and maintain market integrity.
After months of public warnings from onchain analysts, the prediction market is moving to time-weighted prices to make artificial price pushes too costly.