{
  "id": 17110786,
  "title": "Polymarket suspended trading amid reports of user funds being drained",
  "url": "https://urgent.news/2026/10/29/polymarket-suspended-trading-amid-reports-of-user-funds-being-drained",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-29T19:23:03.000Z",
  "source": {
    "name": "Cointelegraph",
    "slug": "cointelegraph",
    "url": "https://cointelegraph.com/news/polymarket-suspends-trading-user-funds-compromised"
  },
  "original_language": "en",
  "account": "Polymarket, a prediction markets platform, abruptly halted trading on Thursday following reports that one of its third-party providers had been compromised. The prediction markets company disclosed that its Predictions Trading API had suffered a \"major outage,\" leading to the temporary suspension of trading activities. In a Thursday update to its status page, Polymarket reported that it had entered \"cancel-only\" mode, indicating that the issue had been identified and resolved.\n\nAs of 7:05 pm UTC, Polymarket confirmed that all its systems were fully operational. The company assured affected users that any losses would be covered. The trading suspension came amid allegations from several users who claimed their Polymarket accounts had been emptied of thousands of dollars without their consent, as their positions were sold without their approval.\n\nPolymarket stated that it had referred the matter to relevant law enforcement authorities following the third-party provider compromise. The situation remains under investigation, and further details are expected to emerge as the story develops.",
  "summary": "The prediction markets platform halted trading on Thursday after it reported one of its third party providers had been compromised.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "WSJ Markets",
        "title": "Polymarket Pauses Trading After Some Users Report Funds Drained",
        "url": "https://urgent.news/2026/10/29/polymarket-pauses-trading-after-some-users-report-funds-drained",
        "published": "2026-10-29T19:20:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}