- Logan Paul’s viral Super Bowl bet on Polymarket was exposed as a fake when sleuths revealed his account balance was empty.
- Crypto investigator ZachXBT suggested an undisclosed relationship between Paul and the prediction market platform.
- The stunt coincides with Polymarket and rival Kalshi facing legal challenges and criticism over unethical advertising.
- Critics accuse Kalshi of marketing gambling as “easy money” to financially vulnerable young people.
An apparent $1 million bet placed by influencer Logan Paul on the Polymarket platform during the Super Bowl was a staged stunt, according to crypto investigators. Sleuths noted his account held no funds, making the large wager impossible. Consequently, the tap-through transaction shown in a promotional clip was purely for show.
ZachXBT called it “yet another Logan Paul scam,” referencing the influencer’s troubled CryptoZoo project. Lawsuits from that venture remain ongoing. He also speculated about an undeclared relationship between Paul and the platform. This controversy unfolded as Polymarket itself launched a lawsuit against Massachusetts to avoid a state shutdown.
Meanwhile, rival prediction market Kalshi faces intense criticism for its advertising ethos. Critics like DeFi_Dad described its ads as “rat poison squared,” accusing the platform of pushing gambling as a side hustle. BetHog CEO Nigel Eccles noted the ads encourage betting to pay rent, calling the approach highly unethical. The industry backlash highlights the regulatory and ethical tightrope these crypto-native prediction markets are walking.
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