LiCrazy🏊🏼♂️🏸|Apr 07, 2026 01:30
On the Predict platform
‘Polymarket FDV above ___ one day after launch?’ event crashes to zero?
Is this a controversy or an official intervention?
The story began when Polymarket released its latest announcement: they will issue their own Polymarket USD to replace USDC.e.
https://(x.com)/Polymarket/status/2041178776852177334
Then came the drama—@predictdotfun immediately updated the rules, basically stating that the PolyUSD issued by PM meets the settlement criteria for this event.
Currently, PolyUSD’s FDV is under 1B, which directly caused the 2B/4B/6B ‘Yes’ bets to plummet. The 10B option is practically at zero—this is honestly a bit ridiculous.
From what I remember, settlement rules for these types of events on PM are usually based on the project’s FDV after TGE. Using stablecoins as the settlement standard seems to go against the usual logic, doesn’t it?
Not sure what Predict’s team is thinking—do they have a position themselves, or are they just inexperienced? Waiting for updates on this one.
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