POLYMARKET AUDITS GRANTS PROGRAM OVER INSIDER TRADING CONCERNS

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.