Polymarket International Platform Suspends Trading Due to Third-Party Provider Hack
Prediction market platform Polymarket stated that its international platform is currently experiencing an outage due to a hack at an unnamed third-party provider. Traders first reported unauthorized withdrawals from their accounts on social media on Thursday afternoon. In response, the company has suspended trading on its international platform. Polymarket claims to have fixed its own issues, with trading set to resume at 3 PM ET, and has pledged full compensation for affected wallets. The company has also reported the incident to UK law enforcement, as the third-party provider operates in the UK. The disruption occurred days before the US midterm elections, which are expected to drive a significant increase in trading volume on both Polymarket's international and US platforms.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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