Two prediction market data services are still selling paid subscriptions after accounts bearing their names were tied to an alleged $277,000 X creator-rewards scheme.
- According to X's Sept. 17 filing in the High Court of England and Wales, Elon Musk's social media giant sued Vivek Kumar Sen and Zamyang Sherpa, along with unidentified collaborators, alleging they operated a coordinated network of accounts that copied posts, boosted one another's engagement and collected at least £207,384 (or roughly $277,000) through its Creator Revenue Sharing program.
- Among the accounts named in the complaint are @Kalshibacktest and @PolyBackTest.
- X alleges payment accounts associated with both were linked to Sherpa.
The products are still online
Websites using the same Kalshi BackTest and PolyBackTest brands remain operational, The Coinformer found.
Kalshi BackTest sells historical trading data from Kalshi. Its website says the service can also feed historical market data into trading bots. It also explicitly states that it's not affiliated with Kalshi.
PolyBackTest offers a similar service but for Polymarket, including historical market data and tools for testing trading strategies.
X's lawsuit doesn't allege that customers of either trading service were defrauded or that the websites themselves formed part of the creator-rewards scheme.
X said it suspended the disputed accounts on Aug. 18 and is now seeking repayment of the creator earnings, along with damages and legal costs. The alleged network included nine accounts in total, most of them focused on Bitcoin news.