:

POLYMARKET AUDITS GRANTS PROGRAM OVER INSIDER TRADING CONCERNS

INDUSTRY DESK1 MIN READ
TUE, APR 14, 2026

■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE

Polymarket is auditing its Builders Program, which distributes up to $2.5M in grants to startups, following concerns that some participants may be facilitating insider trading on the prediction market platform.

The audit comes as Polymarket faces ongoing scrutiny over insider trading activity. The Builders Program, launched late last year, was designed to support startups sending trades to Polymarket's prediction market infrastructure. The program provides grants to developers building on the platform, but regulators and observers have flagged potential conflicts of interest. Some participating startups reportedly had access to non-public information that could give them trading advantages. Polymarket has been under pressure to implement stronger safeguards against insider trading. The platform gained prominence during the 2024 U.S. election cycle but faced criticism for inadequate market surveillance and user verification. The audit represents an attempt to address these concerns, though details on the scope and timeline remain unclear. The review may result in stricter eligibility requirements or enhanced monitoring of grant recipients' trading activity.

■ SOURCES

Techmeme

■ SUMMARY WRITTEN BY AI FROM THE LINKS ABOVE

■ MORE FROM THE CRYPTO DESK

Tether, the world's largest stablecoin issuer, plans to launch GELT, a digital currency pegged to Georgia's lari with backing from the Georgian government. The partnership marks an unusual collaboration between a major crypto firm and a sovereign nation.

MAY 25Industry Desk

Coinbase Global Inc. is laying off approximately 700 employees, or 14% of its workforce, citing volatile crypto markets and the need to manage costs amid AI advancement. The cuts will occur mostly in Q2, with restructuring expenses reaching up to $60 million.

MAY 25AI Desk

Coinbase will eliminate approximately 700 jobs, representing 14% of its global workforce, as the cryptocurrency exchange moves to reduce costs. CEO Brian Armstrong cited AI's impact on work practices as a driver of the restructuring.

MAY 24AI Desk

Coinbase CEO Brian Armstrong announced a significant workforce reduction of approximately 14% today. The crypto exchange is scaling back operations in a move Armstrong described as difficult but necessary.

MAY 24Industry Desk

■ SUBSCRIBE TO THE DAILY BRIEF

ONE EMAIL, 5 STORIES, 06:00 UTC. UNSUBSCRIBE ANYTIME.