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Polymarket has been embroiled in a scandal related to a social media post about Amazon founder Jeff Bezos. The prediction market said that it recently recommended young entrepreneurs to work a regular job before starting a business.
Bezos was quick to refute these claims. The stock market has raised concerns about the frequent use of social media by prediction markets to spread unverified news and misinformation.
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Polymarket’s post prompts a response from Bezos
On Thursday, I posted Polymarket magazine A place on
Hours later, the founder of Amazon responded to the post, stating that he had never made such a statement before, and asking what prompted Polymarket to make such a statement.
In the middle of the scrutiny I was subjected to Quickly, a video appeared of Bezos giving a conference at the Italian Technology Week, in which he gave advice to young entrepreneurs. However, the conversation took place almost three months ago, and Bezos did not mention any of the companies Polymarket referred to.
“I always advise young people – go work in a company with best practices somewhere, where you can learn a lot of fundamental fundamental things,” he said, adding: “I started at Amazon when I was 30 years old. Not when I was 20. Those extra 10 years of experience increased Amazon’s chances of success.”
This week’s events came to light because Bezos took the extra step of explicitly denying Polymarket’s claims.
At the same time, it became a record Forecast markets that spread misleading information For the masses, social media is a growing concern.
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Meet platforms like Polymarket and Calc Increased scrutiny For publishing breaking news that distorted events or were false, covering topics from sports betting to geopolitical tensions.
Social media users were quick to point to specific examples.
Are forecast markets amplifying misinformation around the world?
In recent weeks, international tensions have risen sharply. Examples include: It is the arrest of the Venezuelan dictator Nicolas Maduro, the widespread protests in Iran, and the clashes between the United States and the countries European Union on the possibility of buying Greenland.
Such events have introduced a flurry of bets in the prediction markets. These platforms also used social media to post relevant alerts that did not accurately reflect reality.
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An example of this month happened earlier this month, when Polymarket published a “breaking” news post revealing that the Iranian regime’s security forces had lost control of some of the country’s largest cities.
While doing the Iranian government Internal challengesIt is still in control through its military and security forces. As controversial or inaccurate as the post was, it received almost 7 million views, 17,000 likes and 2,000 reposts.
Most of the comments targeted the betting platform as a fake news site.
published Kalshi A linked post reported tensions between the US and Denmark over Greenland. Market Forecast reported that the two countries have formed a working group to discuss US interest in buying Greenland. The post received 2.8 million views.
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Although the White House has confirmed the claim, Denmark has come forward a novel Different. He said he agreed to “address US security concerns regarding Greenland.”
Neither Polymarket nor Kalshi responded to the request BeInCrypto To comment immediately.
Similar reports have emerged of Kalshi branches posting fake sports news on their social media accounts.
According to the website Front Office Sports, despite the fact that they are confronted with these fake posts, both Calci and Polymarket do not find themselves using affiliate badges.
With forecast markets expected to grow enormously In the coming year, his use of social media to share unverified or misleading information attracted increasing attention.
