Axiom staff allegedly front-ran insider trading report on Polymarket

Axiom employees used advance knowledge of an impending insider trading report to profit from bets on the prediction market Polymarket, CoinDesk reported. The development followed on-chain analyst ZachXBT's identification of Axiom, a Solana-based trading platform, as a project where insider trading had occurred. Just before ZachXBT's announcement, 12 wallets placed large bets on Axiom, collectively earning $1 million in profit. One account, predictorxyz, reportedly secured a $410,000 profit after betting when the probability of Axiom being named was just 13.8%. ZachXBT confirmed that he had contacted Axiom for fact-checking before his announcement, stating that a leak was "probably inevitable."