Argentine officials suspected of betting on inflation data via Polymarket

Argentine government insiders are suspected of betting on inflation data on the prediction market Polymarket before its official release, DL News reported. The controversy surrounds the February consumer price inflation rate, which Argentina’s National Institute of Statistics and Census (INDEC) announced was 2.9%, surpassing the expert consensus of 2.7%. A total of $27,885 was wagered on the outcome on Polymarket. The outlet noted that accounts typically making small bets were observed concentrating significant funds on a specific number just before the announcement, reigniting concerns about insider trading and market manipulation on the platform.