Polymarket said it paused trading “out of an abundance of caution” after one of its third-party partners was “compromised.” Some users reported that their accounts were drained shortly before the stoppage. “We’ll make this right and are fully reimbursing all affected traders,” Polymarket said. [Link: Some Polymarket user funds stolen by hackers, exchange referring matter to U.K. authorities | https://www.cnbc.com/2026/10/29/polymarket-reports-outage-on-international-exchange-halts-trading.html | CNBC]
Everything is gambling now: the latest news on prediction markets like Polymarket and Kalshi
Polymarket said it paused trading “out of an abundance of caution” after one of its third-party partners was “compromised.” Some users reported that their accounts were drained shortly before the stoppage. “We’ll make this right and are fully reimbursing all affected traders,” Polymarket said.
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Security incident linked to performance-monitoring tool spurred platform to halt trading for about an hour
The company says an unnamed third-party provider was compromised. Trading has resumed, and Polymarket says affected traders will be made whole.
The outage comes just days before the platform is expected to experience heightened trading during the U.S. midterm elections.
In a city where almost everyone is privy to some kind of inside information, betting on politics has surged ahead of midterm elections.
The CFTC is examining whether Polymarket kept US users off its offshore platform as promised in 2022, Reuters reports, citing two sources.
