whenever a derivative is more liquid than the underlying it becomes profitable to manipulate/print hammer.
this has made market manipulators millions on polymarket crypto markets, billions on indian options and is an obvious design flaw of @papertrade_xyz
I really like the idea of GPU futures
however no one seems to talk about the fact that the main users of these futures already have competitive bilateral deals with providers?
I doubt anything will come of the Kalshi wash trading allegations. It's a consequence of how they've stuctured fee agreements and volume based rewards - this sort of behaviour may or may not occasionally occur on the big tradfi exchanges (e.g. CME) between market makers
f5 retweeted
you dumb motherfuckers why do you think this is
1/ Synth's HFT team has found that @Kalshi’s 15-min BTC market is beginning to predict subsequent BTC moves on @binance and all other CEXs.
And strength of this predictive relationship has grown materially throughout 2026 (see image).
@Kalshi is becoming the venue for BTC price discovery on short time horizons.
🧵
f5 retweeted
I’ve been one of the biggest market makers on Polymarket for a long time. At peak I was doing $10M+ daily volume and paying thousands in fees every single day.
The current state is the worst the platform has ever felt.
Ghost fills still everywhere. Markets constantly breaking. Payouts randomly missing. Exploits going on for months while the team says “it’s fixed”. You spend more time defending against bugs than actually trading.
Meanwhile, communication is a joke.
They say “we’re listening” → ignore emails, ignore DMs.
They say “we’ll work with top users” → instead it’s random private Telegram groups with whoever shouts the loudest.
They say “issue fixed” → it clearly isn’t.
At some point you stop believing anything they say.
The fee situation is another one. If you’re generating serious volume and paying serious fees (thousands a day), most exchanges shower you with attention and perks. I'm not asking for that but would be nice to at least be acknowledged that you exist and have basic communication, especially after they've announced publicly multiple times that they will start doing this.
Instead we got a week-long hype campaign for a “big update” that turned out to be… a hidden fee increase.
How dumb do you think your users are?
And then stuff like April 5th, missed referral/rebate payments, no announcement, no explanation, nothing. Just silence. That’s not a bug, that’s trust damage.
The bigger issue is it feels like nobody on the team has actual trading experience. The design decisions show it. Every update introduces new edge cases, new exploits, new ways to break the order book.
People have made many millions exploiting this stuff. Many of these accounts are obvious, trackable, preventable. The community has been pointing it out for months.
Ignored.
Only now that the markets are borderline unusable does it seem like there’s urgency. Right now the platform is honestly close to untradeable:
– ghost fills
– manipulation
– unreliable payouts
– constant bugs
– zero transparency
And surprise, volume is dropping.
Meanwhile Kalshi is catching up fast (have basically overtaken in volume in almost every category except for politics) and Hyperliquid is entering with a team that actually understands trading systems.
I want Polymarket to succeed.
And yes, maybe the upcoming ghost fill fix helps. But if this pattern continues, terrible communication, fake timelines, ignoring core users, then this won’t be a place serious traders stick around.
You can’t build a market while eroding the trust of the people who provide the liquidity, especially not as a many multi billion dollar company! I have spoken to many large polymarket whales (of which a considerable amount have already given up on the platform) and they all share this sentiment.
@Polymarket @mustafap0ly @SuhailKakar @_kanarazu_
btw, the trade is to detect insider trading on polymarket (new wallet trading with conviction in one event, etc) and then not to copy trade on prediction markets but to position in correlated futures
who's building in ai specific advertising? With x402 theres going to be a pretty large market for convincing ai agents to pay for your paywall
f5 retweeted
24/7 is too much
we should go back to what god intended - a single clearing auction under the tree at lunch
f5 retweeted
HyperCore will support outcome trading (HIP-4). Outcomes are fully collateralized contracts that settle within a fixed range. They are a general-purpose primitive that are useful for applications such as prediction markets and bounded options-like instruments. There has been extensive user demand in both of these areas, and builders will likely think of novel applications as well.
Outcomes bring non-linearity, dated contracts, and an alternative form of derivative trading that does not involve leverage or liquidations. The outcome primitive expands the expressivity of HyperCore, while composing with other primitives such as portfolio margin and the HyperEVM.
Outcomes are a work in progress and currently only being tested on testnet. Canonical markets based on objective settlement sources will be deployed once technical development is complete. Canonical markets will be denominated in USDH. Pending user feedback, the infrastructure will be extended to permissionless deployment.
Today, NYSE is proud to announce the development of a platform for trading and on-chain settlement of tokenized securities.
NYSE’s new digital platform will enable tokenized trading experiences, including 24/7 operations, instant settlement, orders sized in dollar amounts, and stablecoin-based funding. Its design combines the NYSE’s cutting-edge Pillar matching engine with blockchain-based post-trade systems.
Learn more: businesswire.com/news/home/2…














