Opinions

Polymarket Criticized For Racist Post Targeting Fake ‘Baddies’

Polymarket’s Traders account has deleted a racist post that threatened to remove its prediction markets affiliate badge from accounts in India, Turkey, and Nigeria, it says are “LARPing as egirls.” The post, which used the ethnic slur “jeet,” has whipped up major backlash from users on X, calling out the Donald Trump Jr-advised platform for using the racist term. 

In it’s post, Polymarket Traders, which claims to highlight users and offer them community resources, warned “LARPing” accounts from these regions that they would lose their badges by the end of the day.  It said, “Please get your last slop posts in before then,” before signing off with “love & gratitude. The post has received fierce criticism from Polymarket’s top traders, as well as affiliates from the rival prediction market platform Kalshi. 

One account claiming to be one of the top 0.03% of traders argued that the post used a racist term, and claimed that “it’s extremely unprofessional for a Polymarket account to post that.” Healthcare CEO Danish Nagda also called out Polymarket for using the “racial slur,” and at least one crypto news aggregator has withdrawn from the Polymarket program, which links the platform into a company’s operations. 

Kalshi affiliates were even more adverse to the post. One suggested that they would never open Polymarket again if they were Indian, Turkish or Nigerian, while another claimed Polymarket made the “disgusting” slur while it still wants “to operate in India and make money here.” They said, “If Polymarket don’t post an apology, this needs to be escalated.”

Polymarket Trader’s racist post attempted to capitalize on the new location features rolled out by X this week and weed out any E-girl pretenders in its arguably objectifying “Polybaddie” program.  This involves the platform handing out affiliate badges to female accounts within crypto that it deems are “baddies,” a slang term used to describe someone perceived as confident and sexy. E-girls is a term that refers to a subculture of fashionable terminally online women.

According to one screenshot shared by the baddie affiliate “@Valerie_Onchain,” the Polybaddie account claimed that X had removed all of their Polybaddie badges “while we do proper KYC to ensure there aren’t fake profiles or bad actors.” Valerie added, “Everyone who completes verification will get their badge restored in the next few days though

Terron Gold

Recent Posts

CME Goes 24/7 and Bitcoin’s Famous “CME Gap” Trade Is About to Disappear

The crypto market is entering the end of an era as CME Group officially launches 24/7 Bitcoin and…

6 days ago

VanEck Launches First U.S. Spot BNB ETF as Altcoin ETF Race Accelerates

Asset management giant VanEck has officially launched the first-ever U.S. spot ETF tied directly to BNB, the native…

6 days ago

Sui Suffers Another Major Network Outage as Transactions Grind to a Halt

Layer-1 blockchain Sui experienced another major network outage on May 28 after block production and transaction processing…

6 days ago

DTCC Expands Tokenization Push to Stellar as Wall Street Accelerates Multi-Chain Strategy

The Depository Trust & Clearing Corporation (DTCC) has announced plans to connect its tokenization infrastructure to the Stellar blockchain,…

6 days ago

Robinhood Launches AI Trading Agents That Can Trade Stocks for You

Robinhood is officially entering the “agentic AI” era after unveiling a new beta feature that…

1 week ago

Fold Launches Bitcoin Rewards Credit Card With Up to 4% BTC Back

Bitcoin financial services company Fold has officially begun rolling out its long-awaited Bitcoin rewards credit card, allowing…

1 week ago