PANews|Mar 28, 2026 01:11
[P2P.me Team Apologizes for Prediction Market Betting Incident, Commits to Injecting Profits into MetaDAO and Establishing New Trading Policies]
The P2P.me team publicly acknowledged that the on-chain Polymarket betting account 'P2P Team' belongs to their team and apologized for the betting incident.
P2P.me stated that 10 days before the fundraising launch, they used foundation funds to bet on 'raising over $6 million.' At the time, they only had a verbal commitment from Multicoin ($3 million) without any signed term sheets or guaranteed allocations. Ultimately, they raised $5.2 million, all from independent external investors.
P2P.me admitted that leveraging outcomes they could influence for trading undermines trust. However, they claimed that naming the account 'P2P Team' was intended to convey their presence to the community and reflect transparency. Nonetheless, intent does not equate to action. They acknowledged that failing to disclose this information was a mistake and accepted the criticism regarding their silence as valid.
P2P.me stated that all profits from the prediction market positions will be reinvested into the project's MetaDAO treasury. They will liquidate all positions within the next few hours and are currently formulating a formal company policy regarding future prediction market trading.
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