Oct 29 (Reuters) – Polymarket said on Thursday it had temporarily halted trading on its international platform after a third-party provider was compromised, adding that it had referred the incident to law enforcement.
The prediction market operator said it had identified and fixed the issue and would compensate all affected users.
The company said it had halted trading as a precaution while it worked to bring the platform back online.
Prediction markets have surged in popularity, with users increasingly trading contracts tied to outcomes ranging from elections and sports to financial and geopolitical events.
Interest in the platforms grew during the 2024 US presidential election, driving retail engagement and trading activity, while financial institutions are increasingly seeking exposure to event-driven trading.
(Reporting by Prakhar Srivastava in Bengaluru; Editing by Pooja Desai and Maju Samuel)
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