P2P.me team apologizes for betting on its fundraising target on Polymarket, proceeds to be transferred to the MetaDAO treasury
Foresight News reported that P2P.me posted on Twitter stating that its team admitted to placing a bet on the prediction platform Polymarket under the account name "P2P Team" regarding whether the project could achieve a 6 million US dollar fundraising target. This position was established 10 days before the fundraising began, when the project had only secured a verbal commitment of 3 million US dollars from Multicoin Capital. In the end, the project actually raised 5.2 million US dollars.
P2P.me stated that failing to disclose this action at that time was a mistake, and is now liquidating all relevant positions, with all profits being returned to the MetaDAO treasury governed by Futarchy. In addition, the team emphasized that MetaDAO was unaware of this betting activity, and will establish policies regarding trading in prediction markets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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