Community speculates ZachXBT's insider trading exposé targets Polymarket

Following on-chain analyst ZachXBT's announcement that he will expose insider trading at an anonymous crypto firm on Feb. 26, the community has begun to speculate that the company in question is Polymarket. An X account with the handle spacexbt noted that ZachXBT mentioned multiple employees had exploited inside information over a long period. The account pointed to several past instances on Polymarket, including bets on Google search predictions, the Super Bowl halftime show, and the potential arrest of Nicolás Maduro. It also referenced a case where individuals were arrested for using confidential military intelligence to trade on the platform. According to the post, Polymarket has previously dismissed such concerns, stating that such outcomes are inherent to prediction markets. However, the account argued that repeated incidents make Polymarket appear to be an unusual platform. It also highlighted that shortly after ZachXBT's announcement, Polymarket created a prediction market on the topic but did not include itself as a betting option, despite user requests.