Crypto Insiders Cashed In Before the Axiom Bombshell—$1.2 Million on Polymarket
Insiders profited over $1.2 million on Polymarket by betting on non-public findings related to the Axiom investigation.Summary
Eight of the top ten highest-earning addresses on the prediction market Polymarket were reportedly linked to insiders who collectively profited over $1.2 million by betting on the outcome of ZachXBT's investigation into Axiom insider trading. This incident highlights how early access to non-public investigative findings creates significant information asymmetry, distorting outcomes and causing substantial losses for regular bettors—with 52 addresses losing between $10,000 and $100,000+ each, totaling over $1.6 million absorbed by insider gains. Analysts identified 12 suspected insider wallets generating a combined $1.02 million profit, with one address earning $411,600 trading only the Axiom market. The situation mirrors front-running in traditional markets and raises regulatory questions about structural abuse in decentralized finance (DeFi) platforms that lack enforceable insider trading rules.
(Source：BeInCrypto)