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Polymarket introduces Palantir and TWG AI to monitor the rapidly growing sports betting market
ChainCatcher reports, citing sources familiar with the matter, that Polymarket is hiring companies including Palantir Technologies to help regulate its sports contract trading. This move is particularly notable as prediction markets face increasing scrutiny over insider trading issues.
Sources say Palantir Technologies and TWG AI will assist Polymarket in identifying, preventing, and reporting suspicious activities. Due to the sensitive nature of the information, these sources requested anonymity.
They also mentioned that the measures include screening participants against existing lists to verify whether individuals who have been banned from sports betting are attempting to access the platform for trading.