Polymarket-backed platform raises $1.5M for insider-trading detection tools
A Polymarket-affiliated platform raised $1.5 million to develop detection tools for suspicious trading activity on prediction markets, according to a June 24 CNBC report. The funding will support technology aimed at identifying insider trading and other market manipulation across event-contract venues. Neither the platform's name nor additional deal terms were disclosed beyond the Polymarket backing and the round's dollar amount. The announcement comes as prediction markets face heightened scrutiny over market integrity, with trading volumes and regulatory attention both increasing across the sector.
The funding gives Polymarket's affiliate early capital to build surveillance infrastructure as competitors like Kalshi scale toward IPO and perpetual futures volumes hit billions. Any platform that can demonstrate reliable insider-trading detection gains a credibility edge with both regulators and institutional liquidity providers.
This deal joins a recent burst of prediction-market infrastructure funding that includes Onyx Odds's $20 million Payward-led round and TurboFlow's $6 million seed, as operators race to build trading and surveillance tooling ahead of Kalshi's anticipated IPO.