Polymarket insider trading wahala: P2P.me put bet for dia $6M raise

Prediction market platform P2P.me yarn say dem open Polymarket positions about whether im fundraising go reach $6M. Dem put the trades like 10 days before the raise wen com live, use money from one foundation account dem label “P2P Team.” This Polymarket insider trading wahala na center on time wey dem disclose and possible conflict-of-interest, even though P2P.me dey argue say result really uncertain that time. P2P.me talk say dem only get oral $3M commitment from Multicoin Capital, no signed term sheets and no guaranteed allocations. The raise end close at $5.2M (below target). Even so, the team still make money for the Polymarket bet: $20,500 return turn $35,212 (net about $14,700). The company talk say all the proceeds go their MetaDAO treasury and dem dey liquidate open positions. After the on-chain activity receive criticism, P2P.me apologize and call the lack of upfront disclosure “a mistake we own.” This matter show as US lawmakers dey push for tighter rules, including the PREDICT Act wey aim to ban lawmakers and senior officials from trading on prediction markets, plus wider political insider-trading laws. Polymarket also announce partnership with Palantir to build manipulation-detection surveillance.