P2P.me team discloses and apologizes for prediction market bets

The P2P.me team opened positions on the Polymarket prediction platform to wager whether the project would hit its $6 million fundraising goal.

The team behind the P2P.me decentralized trading platform disclosed that it opened positions on the Polymarket prediction market related to its recent capital raise.

The team opened the positions 10 days before the raise went live, wagering whether the project would hit its $6 million fundraising target, according to a disclosure published on the X social media platform.

At the time the positions were opened, P2P.me had only one “oral commitment” from venture firm Multicoin Capital for $3 million in funding, “no signed term sheets” and “no guaranteed allocations,” the team said. 

Read more