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Study finds $8.2M extracted by traders rigging Polymarket's 5-min Bitcoin bets in last 10 seconds

Market News
16 Jul 2026
Bitcoin
View Source
Bearish
pluang ai news

Researchers from Stanford and Singapore Management University discovered that 821 traders manipulated Polymarket’s five-minute Bitcoin contracts by pushing Binance’s spot price just before settlement, extracting $8.2 million. This manipulation occurred in the final 10 seconds of the contract, exploiting the close link between Binance’s mid-price and the Chainlink oracle used for settlement. Longer 15-minute contracts showed much less manipulation, suggesting that extending settlement times could reduce abuse. The findings raise concerns about the integrity of crypto prediction markets as Polymarket prepares a token launch later in 2026.

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