Polymarket has change into embroiled in a scandal relating to a social media publish it made about Amazon founder Jeff Bezos. The prediction market claimed he had not too long ago really helpful youthful entrepreneurs to work common jobs earlier than beginning a enterprise.
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Polymarket Submit Attracts Bezos Rebuttal
Hours later, the Amazon founder replied to the publish, claiming he had by no means made such a declare, and puzzled what prompted Polymarket to make up such an announcement.
Nope. Undecided why polymarket made this up. 🤷♂️
— Jeff Bezos (@JeffBezos) January 22, 2026
Amid the scrutiny the trade shortly drew, a video surfaced of Bezos delivering a chat on the Italian Tech Week, through which he provided recommendation to youthful entrepreneurs. Nevertheless, the dialog befell almost three months in the past, and Bezos talked about neither of the businesses referenced by Polymarket.
“I always advise to young people— go work at a best practices company somewhere, where you can learn a lot of basic fundamental things,” he had mentioned, including, “I started Amazon when I was 30. Not when I was 20. That extra 10 years of experience actually improved the odds that Amazon would succeed.”
The occasions this week stood out as a result of Bezos explicitly took the additional step of denying Polymarket’s claims.
On the identical time, the observe file of prediction markets spreading misinformation to their social media audiences has been a rising concern.
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Social media customers have been fast to level out particular examples.
Do Prediction Markets Amplify International Misinformation?
In latest weeks, worldwide tensions have risen sharply. Examples included the seize of Venezuelan dictator Nicolás Maduro, widespread protests in Iran, and clashes between america and European international locations over the prospect of shopping for Greenland.
Such occasions have launched a flurry of bets throughout prediction markets. These platforms have additionally used social media to publish associated alerts that didn’t precisely replicate actuality.
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Whereas Iran’s authorities faces inner challenges, it stays in management by means of its navy and safety forces. The publish, which contained disputed or inaccurate claims, nonetheless garnered almost 7 million views, 17,000 likes, and a pair of,000 reposts.
Kalshi printed a associated publish addressing reported tensions between america and Denmark over Greenland. The prediction market said that the 2 international locations had shaped a working group to debate the US curiosity in buying Greenland. The publish obtained 2.8 million views.
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Though the White Home asserted such a declare, Denmark provided a special account. It said that it had agreed to “address the American security concerns in relation to Greenland.”
Neither Polymarket nor Kalshi instantly answered BeInCrypto’s request for remark.
In keeping with Entrance Workplace Sports activities, regardless of being confronted about these faux posts, each Kalshi and Polymarket won’t again down from utilizing affiliate badges.
As prediction markets are anticipated to develop exponentially within the coming yr, their use of social media to share unverified or deceptive data has drawn rising consideration.
