Crypto startups use Polymarket to bet on their own fundraising progress, catching investors off guard.

Golden Finance reports that on April 1, the stablecoin startup P2P.me sparked controversy on the X platform after it bet on its own funding progress in the prediction market Polymarket and publicly apologized. Two people familiar with the matter told Decrypt that P2P.me’s main investors had previously been completely unaware that the company was carrying out this kind of action. The timing of this bet coincided with Polymarket’s rule updates and the explicit ban on insider trading—under the new rules, all relevant parties who could affect market outcomes are covered.

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