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Polymarket Restores Trading After Third-Party Security Breach

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Polymarket Restores Trading After Third-Party Security Breach

Prediction market firm Polymarket took its international exchange offline briefly on Thursday (Oct. 29) as it dealt with an issue related to a third-party provider, the company said in a post on X.

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“We’ve identified [and] fixed an issue impacting our international platform, Polymarket.com,” the company said in the post by its Polymarket Traders account. “One of our [third-party] providers was compromised, and we have referred this to relevant law enforcement.”

Polymarket said it had temporarily halted trading, out of an abundance of caution, as was working to bring the platform back online.

In a reply to its post, Polymarket said 21 minutes later that it was coming back online.

Six minutes after that, Polymarket said in another reply that trading was fully back online.

“We’ll make this right and are fully reimbursing all affected traders,” Polymarket said in the reply.

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CNBC reported Thursday that an unknown number of users of Polymarket’s international exchange had funds stolen from their account. Polymarket’s U.S. platform was not affected.

Publicly available data showed that an account on Polymarket withdrew a total of at least $2.7 million from 710 other wallets, the report said, citing analytics firms Betting Intelligence and Polysights.

Bloomberg reported Thursday that a Polymarket spokesperson said the company had reported the incident to law enforcement in the United Kingdom.


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