#Polymarket预测市场 Seeing this news about on-chain data tracking, my mind flashes back to the ICO frenzy of 2017. Back then, we saw similar patterns—precise bets, the telltale signs of funding chains, the subtle connections between power and wealth. It was an internal game within the crypto space. Now, it has spread to prediction markets and even involves geopolitical bets.

What’s most alarming about this isn’t insider trading itself—something not uncommon in traditional finance—but the fact that blockchain’s transparency completely changes the game. On-chain footprints cannot be erased. The coincidence of 252 SOL, domain name abbreviations, timestamps of fund flows—all leave evidence on the chain. For those used to opaque operations, this could be a nightmare.

Looking back over the past decade, whenever new financial instruments emerge and grow rapidly, regulatory attention inevitably follows. Polymarket has moved from niche to mainstream, backed by trust in its liquidity and pricing mechanisms. But once that trust is eroded by worms, the subsequent costs are far heavier than any insider trading profits. History shows that short-term arbitrage that sacrifices market integrity often triggers long-term risks.

The question now is: will this become a blow to the entire prediction market ecosystem? Or does it highlight the necessity of on-chain transparency? Only time will tell.