Polymarket moves to time-weighted prices to combat 'five-second trick' manipulation that allowed traders to drain millions
The prediction market is implementing time-weighted average prices (TWAP) after on-chain analysts and researchers identified hundreds of accounts whose activity was consistent with settlement manipulation. A study found that 821 accounts made $8.2 million in likely manipulated settlement windows, primarily at the expense of retail traders. The new mechanism will use a 30-second average for five-minute markets and a 60-second average for 15-minute and four-hour markets, with data delivered via Chainlink Data Streams.
Source:CoinDesk · Source Link
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