The team behind the P2P.me platform made a public confession via X, admitting to opening positions on Polymarket related to their recent capital raise. This confession confirms that the team bet on whether they would reach their $6 million funding goal, 10 days before the launch. At the time of the bet, they only had a $3 million verbal commitment from Multicoin Capital and no guarantee of allocations.
Ultimately, the funding round raised $5.2 million, resulting in a losing bet for the P2P.me team. The team acknowledged that trading on information they could influence erodes trust and admitted it was a mistake not to disclose their participation at the time. Any proceeds from Polymarket profits will be directed to the MetaDAO treasury, which governs the platform, and they have adopted a formal policy against trading in prediction markets related to their own activities.
This confession highlights ethics in prediction markets, which are already under legislative scrutiny in the United States for potential insider trading. The incident occurs as Congress moves forward with bills like the “PREDICT Act” to ban lawmakers from trading in these markets—especially on matters of national interest—increasing regulatory pressure on platforms like Polymarket and Kalshi to implement stricter countermeasures.
Source:https://x.com/P2Pdotme/status/2037560966041223415
Disclaimer: Crypto Economy Flash News is prepared from official and public sources verified by our editorial team. Its purpose is to provide rapid information on relevant events in the crypto and blockchain ecosystem. This information does not constitute financial advice or investment recommendations. We recommend always verifying the official channels of each project before making related decisions.
