P2P.me, a cryptocurrency funds platform, is going through questions over a $20,000 Polymarket wager tied to its personal fundraising marketing campaign after disclosing that it traded on the end result earlier than the spherical opened publicly.
On March 27, P2P.me introduced that it had liquidated a Polymarket betting place on its potential to fulfill its $6 million fundraising goal. The corporate disclosed that it positioned the bets 10 days earlier than formally opening its funding spherical.
Large Polymarket Revenue Sparks Insider Buying and selling Debate
P2P.me admitted that, on the time the wagers had been positioned, it had already secured an oral dedication of $3 million from the enterprise capital agency Multicoin.
Some authorized observers stated the $3 million oral dedication could possibly be seen as materials private data, although P2P.me stated the absence of signed paperwork meant the end result was nonetheless unsure.
P2P.me additional defended the commerce and characterised the wager as a “vote of confidence.”
“We named the account “P2P Group” intentionally – to present a advertising sign of our presence to the group and replicate our intent to be clear. However intent isn’t the identical as motion. Not disclosing on the time was a mistake we personal. We took time to check the authorized implications earlier than talking, which is why we stayed silent till now with a “No Feedback” stance! – that too is a good criticism,” it acknowledged.
P2P.me finally raised $5.2 million from outdoors traders, permitting the agency to shut its Polymarket positions at $35,212. The commerce generated a revenue of roughly $14,700 from an preliminary entry of $20,500.
Following the backlash, some traders and trade insiders argued that the incident was being blown out of proportion. They attributed the commerce to naiveté fairly than malice.
Simon Dedic, co-founder of Moonrock Capital and an investor in P2P.me, defended the crew’s character and motive. In response to him, the commerce was a misguided “guerrilla advertising stunt” designed to indicate conviction.
“Nobody with any widespread sense would threat a $6 million increase over $15,000. The thought was to indicate such robust conviction within the sale that they’d even wager on themselves. That is precisely why they deliberately named the account ‘P2P crew.’ In any other case, you’d need to argue they’re essentially the most incompetent insider merchants of all time,” Dedic added.
Amid mounting criticism on the eve of its deliberate preliminary coin providing, P2P.me introduced that it will route the proceeds from buying and selling to the MetaDAO Treasury. The corporate clarified that MetaDAO had no prior data of the trades.
This incident comes at a time when prediction markets are having fun with an explosive progress within the sector. Blockchain platform TRM Labs acknowledged that the sector’s transaction volumes have surged from $1.2 billion in early 2025 to greater than $20 billion by January 2026.
Attributable to this fast progress, there have been rising regulatory considerations about decentralized prediction markets. Platforms resembling Polymarket and Kalshi have just lately applied stricter surveillance measures to curb insider buying and selling.
The put up P2P.me Faces Insider Buying and selling Allegations Over Polymarket Bets appeared first on BeInCrypto.