Polymarket Updates Price Tools After Millions Stolen by Traders

Traders recently drained millions from Polymarket by exploiting a short delay in price reporting. By using a quick move that lasted only five seconds, these actors manipulated the system to force profitable payouts that did not reflect the true state of the market. Onchain analysts had warned the platform about this vulnerability for months.

To stop these attacks, Polymarket is shifting to a time weighted average price model. This change makes it much more expensive for anyone to push prices artificially. By requiring price movements to hold steady over a longer period, the platform aims to discourage short bursts of activity that are designed only to trick the system.

These updates are a major step in hardening the platform against malicious trading strategies. Investors should keep an eye on how these new price controls affect market liquidity and overall trading volume in the coming weeks. For now, the move suggests a focus on platform security over raw speed.