Are PolyMarket’s Trading Figures Being Fabricated? Paradigm Weighs In
The post Are PolyMarket’s Trading Figures Being Fabricated? Paradigm Weighs In appeared on BitcoinEthereumNews.com.
Polymarket faces scrutiny after researchers warn public dashboards may double-count trades, sparking debate over data accuracy and motives. Polymarket’s reported trading volumes have come under fire, after researchers said that many dashboards may have been counting the same trades twice. The debate grew fast and pulled in analysts, investors and rival platforms. It also created confusion for users who rely on public data to judge activity on the prediction market. How the volume dispute started A researcher known online as @notnotstorm shared his findings, which showed that Polymarket’s on-chain records log each trade through several events. Those events then appear on dashboards like Dune Analytics, DefiLlama, Blockworks, Allium and others. found a pretty major data bug it turns out almost every major dashboard has been double-counting Polymarket volume (not related to wash trading) this is because Polymarket’s onchain data contains redundant representations of each trade. receipts ⬇️⬇️ pic.twitter.com/rQJEzs2Rfl — storm (@notnotstorm) December 8, 2025 However, the issue starts when these dashboards read both the maker-side and taker-side events as separate actions. They sometimes add the two together, and that creates totals that look larger than the money actually flowing through the platform. The claim spread fast after Paradigm co-founder Matt Huang reposted the thread. Notably, Paradigm is an investor in Kalshi, one of Polymarket’s closest rivals. This detail fueled arguments about bias and intent. Some users said the repost looked like a move to weaken a competitor. Others said it was fair to raise questions if the data did not match the real trade action on-chain. Why the same trade can appear twice Polymarket trades can work in several ways. Some are simple swaps. Others involve positions that split or merge. When users trade, the system creates multiple blockchain events to make sure every role in the trade is…
