Polymarket Blocks Wash Trading After Election

Polymarket blocked accounts involved in wash trading following the Ethiopia and Romania elections. The platform processed over $600 million in volume, with $41 million on a losing Ethiopian candidate and $285 million in suspicious Ethiopian trades. MSR Decode found 98% of post-election trades were loops. Polymarket, valued at $21 billion, flagged the activity after the 123-day resolution period ended.