Gate News reported that on March 28, the P2P.me team issued a statement acknowledging that they had placed a bet on the prediction platform Polymarket through an account named “P2P Team” regarding whether the project could achieve a $6 million fundraising target. This position was established 10 days before the fundraising began, at which time the project had only received a verbal commitment of $3 million from Multicoin Capital, ultimately raising a total of $5.2 million. P2P.me stated that failing to disclose this betting activity at the time was a mistake, and they are currently liquidating all related positions, with the proceeds being returned to the MetaDAO treasury governed by Futarchy. Furthermore, the team emphasized that MetaDAO was not aware of this betting activity and will develop a policy regarding trading on prediction markets.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Polymarket Bets on MegaETH Launching with Over $1B Valuation: 88% Probability
Gate News message, April 26 — According to Polymarket prediction market data, there is an 88% probability that MegaETH will have a fully diluted valuation (FDV) exceeding $1 billion one day after launch. Earlier reports indicate the token's TGE is expected on April 30.
Market participants are
GateNews2h ago
Polymarket Shows 17% Probability Trump Leaves Office Before 2027
Gate News message, April 26 — According to Polymarket, the prediction market on whether Trump will leave the presidency before 2027 currently stands at 17% probability.
This follows recent remarks by President Trump at a White House press dinner, where he described the presidency as "a dangerous jo
GateNews9h ago
Brazil Bans Polymarket, Kalshi in Prediction Market Crackdown
Brazil has enacted a sweeping ban on prediction markets and betting platforms, according to local media and government filings. The Banco Central do Brasil issued a resolution prohibiting the two leading prediction markets, Polymarket and Kalshi, from operating in the country due to non-compliance w
CryptoFrontier11h ago
High-Win-Rate Account Bets $310K on Timberwolves to Beat Nuggets in NBA Western Semifinal Game 4
Gate News message, April 25 — A high-win-rate account (address: 0x9495425feeb0c250accb89275c97587011b19a27) with a 63% success rate purchased $310,000 worth of positions betting on the Timberwolves to defeat the Nuggets in Game 4 of the NBA Western Conference first round on Polymarket, according to
GateNews14h ago
CFTC Sues New York as 38 AGs Back Kalshi Prediction Market Case
On Friday, New York Attorney General Letitia James joined a bipartisan coalition of 37 other attorneys general urging Massachusetts' top court to uphold a preliminary injunction against Kalshi, while the CFTC simultaneously filed a lawsuit against New York to block state enforcement against CFTC-reg
CryptoFrontier14h ago
