Polymarket KOL refutes Bloomberg's "insider trading" report: the wallet belongs to an ordinary user known to them, not an insider

Foresight News reported that Polymarket KOL Car posted on Twitter to refute Bloomberg's recent coverage regarding alleged large-scale insider trading on Polymarket. Previously, Bloomberg claimed to have discovered a wallet that made $1.5 million in profits through "insider trading" in Iran-related markets. Car stated that the wallet belonged to an ordinary user known to them, not an insider, and the actual profit was only around $300,000 (not $1.5 million). Bloomberg included the trading volume of this account in the frequent 80% range as profits, causing serious distortion of the data.

Additionally, the account previously lost about $120,000 in the "peace agreement" related market, which Bloomberg did not mention. The Polysights data used marked thousands of regular trading accounts (including sports and crypto market traders) as "suspicious", while the vast majority of these accounts were not insider traders.