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Polymarket teams up with Palantir to police sports markets

Polymarket is building a surveillance platform with Palantir and TWG AI to detect suspicious trading in its sports prediction markets.

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by Defused News Writer
Polymarket teams up with Palantir to police sports markets
Photo by Tim Gouw / Unsplash

Polymarket has teamed up with Palantir and TWG AI to build a monitoring platform aimed at detecting suspicious trading and manipulation in its sports prediction markets.

Prediction markets let users trade contracts tied to real-world outcomes and are drawing increased scrutiny over the risk that traders with inside knowledge could profit before information becomes public.

The new system, announced on Tuesday, will use Palantir’s data infrastructure and TWG AI’s analytics to flag unusual trading patterns, screen participants and produce compliance reports that could be shared with regulators or sports leagues, the companies said.

Polymarket founder and CEO Shayne Coplan said the goal is to bring “world-class analytics and monitoring to sports markets” while helping leagues and teams maintain confidence in the integrity of games.

The platform is designed to resemble surveillance tools used by traditional financial exchanges and will track activity before and after orders, flag coordinated behaviour and identify traders who may be prohibited from participating, the companies said, positioning the effort as a step toward showing regulators that prediction markets can police themselves.

The recap

Polymarket partners with Palantir and TWG AI on monitoring platform

Platform will flag unusual trading and screen market participants

Compliance reports can be shared with regulators or sports leagues

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by Defused News Writer