Polymarket User Gains $400K Betting on ZachXBT Investigation
A Polymarket user profited approximately $400,000 by correctly betting on ZachXBT's investigation targeting an Axiom employee for insider trading.Summary
Polymarket users won significant payouts after correctly betting on which company would be exposed for insider trading by the online sleuth ZachXBT. ZachXBT revealed in an X post that Broox Bauer, an employee at the trading platform Axiom, allegedly used internal tools to look up sensitive user details and engage in insider trading since early 2025. Axiom expressed shock and disappointment, stating they removed access to the tools and would investigate the matter further. Nearly $40 million was bet on Polymarket contracts speculating that Axiom would be the target, with one user netting about $400,000 from related event contracts. This event occurs as US policymakers, including CFTC Chair Michael Selig, assert federal jurisdiction over prediction markets like Polymarket.
(Source：Cointelegraph)