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One of the craziest things I’ve seen this week literally a learning for all prediction market addicted fellas
A trader lost $500,000 on Polymarket despite calling the outcome correctly
Strategy sold BTC before May 31
SEC filings later confirmed it.
On-chain data pointed to it too
The trader saw that, got more confident, and even added to the position while the market was still open
Then Polymarket added a clarification saying the sale had to be publicly confirmed before the deadline, not just happen before it
Market resolved NO
$500K vanished
This is why I keep saying
In crypto, it’s not enough to be right
You have to be right about how the rules will be interpreted too
Brutal lesson tbh