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PolymarketUS ↗INDEPENDENT RESEARCHThe source files
POLYMARKET US · INDEPENDENT RESEARCH

A 100× mismatch
in reported dollars.

Disclosed trades total $17.77 million across 12 markets. The API reports $1.777 billion in its USD field for matching quantities and time windows.

See the records ↓
12 SELECTED MARKETS · SEPTEMBER 13–20 DISCLOSURES
API FIELD: notionalTraded VERIFIED RECORDS
19 SEP 20261 DISCLOSED TRADE

The trade adds up to $467.54.

Combo market · af4435a3b409dc27

TRADE → APISAME SHARES & TIMES

Both sources cover the same trade.

OFFICIAL API RESPONSE100× THE TRADE AMOUNT

The USD field says $46,754.

01
Calculate the trade value

467,540 shares at $0.001 each total $467.54.

100×
Exact ratio in every audited market
303,032
Disclosed execution prints
12 / 12
Share totals and time windows match
01 / THE EVIDENCE

One trade shows the arithmetic.

467,540 shares at one tenth of a cent. The disclosed print and official book response are both included in the proof download.

ONE DISCLOSED EXECUTION19 SEP 2026
467,540shares traded×$0.001price per share=$467.54printed trade value

The corresponding API field says $46,754.00, with its currency explicitly set to USD.

Open the official response ↗
OFFICIAL BOOK API · CAPTURED AGAIN SEPT 21{
  "notionalTraded": {
    "value": "46754.0000",
    "currency": "USD"
  }
}
02 / THE EVIDENCE

Compare all 12 markets.

Choose a market, then switch between Amounts, Shares & times, and API source.

03 / THE EVIDENCE

Three independent checks on the comparison.

The audit matches the coverage of the field before comparing the dollar amounts.

01

Same share totals

The selected disclosed quantities equal the API’s captured quantity counters.

02

Same timestamps

First and last executions match the API statistics, down to nanoseconds.

03

Explicit USD label

The returned value uses the same monetary type as prices, with currency set to USD.

04 / THE EVIDENCE

Locate the discrepancy precisely.

The official field, the full-day report, and the incentive documents are separate records.

$153.24M

The complete September 20 tape’s printed dollar value matches DeFiLlama after rounding. Its contract quantities reconcile to the official daily market report.

The 100× finding is in the per-market book API statistic.
Volume-linked warrants

January CFTC filings document an executed market-maker arrangement and equity/token-warrant terms tied partly to executed-notional rankings and market share.

The filings identify the terms, not current awards or use of this API field.
SOURCES

Sources and calculations.

Download the source records and verification code. Evidence rechecked September 21, 2026.

How the evidence is counted

The offline verifier scans the selected rows from eight official September 13–20 business-day files using exact decimal arithmetic. Each of the 12 market totals is compared with its own captured API counters and opening/final timestamps. These are matched statistics windows, not assumed full contract lifetimes. Two fresh September 21 book responses independently reproduce the original discrepancy. The preserved primary files establish a 100× difference in this field; the data do not establish fictitious executions or a public headline consuming it.