Polymarket, an app where people bet on news outcomes, ran TikTok ads showing big wins from accounts that did not exist. The Wall Street Journal added the fake bets up. More than half would have lost money.
This is the part I respect. Someone sat down, invented a gambler, and could not even rig him to win. That takes a special hand. Then they posted it. On TikTok. Where things are saved.
The premise of a betting ad is that the guy in it won. That is the entire job. Polymarket shipped losers and hoped nobody owned a calculator. The Journal owns a calculator.
I will not be around for the settlement, but I assume the dummy accounts get to keep their dummy money. Kalshi, the rival, is presumably filming real winners, which sounds expensive.
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Based on the original article "Polymarket has reportedly been paying creators to post fake betting videos".
