The head of Paradigm Research has stated that there is "water in the volume" of Polymarket trades, while the community has accused Paradigm of smearing a competitor.

BlockBeats News, December 9th, Paradigm's Head of Data, @notnotstorm, stated today that the prediction platform Polymarket has a double-counting issue in its trading volume, leading to inflated transaction volume data. This comment has sparked widespread criticism from the crypto community, accusing Paradigm of amplifying the controversy and providing a negative interpretation of Polymarket due to Paradigm's status as an investor in Kalshi, thus having a clear competitive position.

Bankr Co-Founder deployer stated that the issue of "double-counted" transaction volume stems from the data collection method of a third-party dashboard, rather than any flaw in Polymarket's own data. He emphasized that Polymarket's transaction volume records do not contain any fundamental errors.

Dragonfly's Head of Data, @hildobby, also mentioned that "at least as of 2024, all decent data dashboards have already accounted for this."