Woofun AI reports that Polymarket key opinion leader Car has publicly contested Bloomberg’s recent allegations of large-scale insider trading on the platform. Addressing claims that a specific wallet generated $1.5 million through illicit activity in Iran-related markets, Car disclosed that the address belongs to an ordinary user within his network, devoid of any privileged information. He further corrected the financial narrative, stating the actual net profit was approximately $300,000, significantly lower than Bloomberg’s figure.

Car argued that Bloomberg’s methodology was fundamentally flawed, as it conflated trading volume with profit, ignoring frequent transactions within an 80% range that distorted the data.

Additionally, he noted that Bloomberg omitted prior losses of roughly $120,000 incurred in 'peace agreement' markets. The critique extended to Polysights data, which Bloomberg utilized, accusing it of mislabeling thousands of legitimate sports and cryptocurrency trading accounts as 'suspicious' despite a lack of evidence for insider trading.