A cluster of 19 linked Polymarket accounts placed concentrated bets over the past several months on earnings results at 18 public companies audited by KPMG, including Wells Fargo, Home Depot, DoorDash and General Mills. The accounts made 42 trades in total, with 41 ending profitably, for a 98% win rate and about $22,000 in cumulative gains. Funds were transferred among the 19 accounts, raising suspicion that they were controlled by one person or one team. Separately, U.S. law enforcement authorities are investigating a KPMG employee suspected of using Polymarket for insider trading tied to wagers on whether quarterly results would beat market expectations. At this stage, there is no confirmation that the account cluster is connected to that employee, and the analysis alone does not prove insider trading. KPMG said it has zero tolerance for trading based on nonpublic client information and has strengthened its monitoring.
A group of 19 linked Polymarket accounts placed concentrated bets over the past several months on earnings reports from public companies audited by KPMG, according to Odaily. The activity involved 18 KPMG clients, including Wells Fargo, Home Depot, DoorDash and General Mills.
The account cluster made 42 trades, and 41 of them were profitable. That put the win rate at 98%, with cumulative profit of about $22,000. Funds also moved among the 19 accounts, suggesting they may have been controlled by the same person or the same team.
U.S. law enforcement authorities are investigating a KPMG employee suspected of using Polymarket for insider trading. The employee came under scrutiny over wagers on whether public companies would report quarterly results above market expectations.
There is still no confirmation that the account cluster is tied to that employee, and the analysis itself does not prove insider trading. KPMG said it has zero tolerance for trading that uses nonpublic client information and that it has strengthened related monitoring.
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