Polymarket user gains $400K betting on ZachXBT investigation

As US policymakers scrutinize prediction markets platforms, many Polymarket users won bets over speculation as to which insider trading an online sleuth had exposed.

Polymarket users betting on an employee at trading platform Axiom as the target of an insider trading investigation by ZachXBT were rewarded after the crypto sleuth announced the results on social media to his 977,500 followers.

In a Thursday X post, ZachXBT said Axiom employee Broox Bauer and others allegedly were responsible for insider trading activity at the company “since early 2025.” According to the pseudonymous onchain investigator, Bauer allegedly used internal tools “to lookup sensitive user details to insider trade by tracking private wallet activity.”

ZachXBT shared audio clips related to the investigation, in which an individual he said was Bauer claimed he could track Axiom users. In an X post following the announcement, Axiom said it was “shocked and disappointed” in the news.

Read more