Polymarket-backed Polysights raises $1.5M for insider-trading detection tools
Polysights, a prediction-market surveillance startup backed by Polymarket, raised $1.5 million to build AI-powered tools that detect suspicious and potentially insider-driven trading activity. The funding round was reported by multiple outlets, with Yogonet identifying the company by name and specifying the AI surveillance focus. Separately, Polymarket's CEO said the platform has been cleared to launch in the U.S. and disclosed that its valuation has risen sharply in a new funding round. The announcement coincided with DraftKings launching its own predictions exchange and Underdog partnering with Crypto.com to offer sports prediction markets in 16 states.
Polysights gives Polymarket a proprietary compliance layer as regulators scrutinize suspicious trading on event-contract platforms. Owning the detection pipeline in-house reduces reliance on third-party surveillance vendors and signals to the CFTC that Polymarket is building guardrails before they are mandated.