The $40 Million ‘Free Money’ Glitch in Crypto Prediction Markets

In brief Researchers found $40 million in “risk-free” profits from mispriced markets on Polymarket in one year. Prices on some markets didn’t add up to 100%, letting traders lock in guaranteed gains. The same inefficiencies likely exist on other platforms like Myriad and Kalshi, though arbitrageurs help correct them. A new academic paper suggests there’s...