According to Foresight News, Polymarket KOL Car refuted Bloomberg's recent report on insider trading in the platform. Car stated that the wallet highlighted by Bloomberg belongs to a regular user, not an insider, and actual profits total approximately $300,000, not the $1.5 million Bloomberg claimed. Bloomberg allegedly inflated profits by including frequent buy-and-sell trading volumes in the 80% range.
Car added that the account had previously lost approximately $120,000 on peace agreement-related markets, a detail Bloomberg did not mention in its analysis.