Over $600M in Polymarket election trades occurred after races ended

Polymarket's offshore election markets for Ethiopia and Romania generated over $600 million in volume, much of it after the votes were effectively decided. According to MSR Decode, roughly $284 million in the Ethiopian market came from pairs of accounts repeatedly trading with each other, pointing to volume manipulation.

• Ethiopia's election market saw over $285M in volume, almost all on losing candidates
• About $284M came from repeated trades between pairs of accounts
• Only $173K was wagered on Abiy Ahmed versus over $41M on his chief of staff
• Median holding time before reselling a contract was nine seconds