Prediction market platform Polymarket is under fire for allegedly spreading false information via its official X account. The backlash intensified after investor DCinvestor and media personality Rachel Karten criticized the platform for frequently posting misleading content labeled as "breaking news." A controversial tweet claimed Jeff Bezos advised Gen Z entrepreneurs to gain experience at companies like McDonald's before starting their own ventures, which Bezos publicly denied, stating, "That's not correct. I'm not sure why Polymarket would make that up."
The incident has sparked concerns about the credibility of information shared by Polymarket and its impact on user decisions and market sentiment. As prediction markets gain influence, the accuracy of information disseminated by such platforms is increasingly scrutinized.
Polymarket Criticized for Spreading False News, Jeff Bezos Refutes Claims
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