Polymarket says surveillance systems ready for U.S. midterm trading

Polymarket has strengthened its trade surveillance and investigation systems ahead of the U.S. midterm elections, as the prediction market operator faces scrutiny over insider trading and American access to its international platform. Summary Polymarket says its surveillance systems can identify anomalous trading as the U.S. midterm elections approach. The company uses blockchain analytics, machine learning and trade surveillance to detect potentially malicious activity. Polymarket says it has referred more than 100 cases to law enforcement, including suspected trades involving sensitive government information. The company says its controls block the vast majority of U.S. users from accessing its international platform under its 2022 CFTC settlement. Reuters reported on Aug. 31 that Polymarket’s new global head of investigations and intelligence, Shana Bautista, said the company has systems capable of identifying unusual trading activity as election-related markets attract closer attention. “I’m confident that I’m able to get the resources and the support I need,” Bautista told Reuters in her first interview since joining Polymarket in June. “I can tell you that we have the systems...