The Journal reviewed more than 1,100 videos and found none of the roughly $1.9 million in bets shown in influencer-produced hype videos were real.

Polymaket paid people to post videos of them winning $900k, but in reality they would have lost $166k.

Many of those videos were reportedly filmed on “near-perfect copies” of the Polymarket website, while featuring trades and winnings that were not real.