P2P.me Admits Polymarket Bet, Faces Trust Backlash
P2P.me confirmed that the “P2P Team” account on Polymarket belonged to its team and apologized for the incident.
The team revealed it used foundation funds to bet on its own fundraising outcome, predicting it would raise over $6M. At the time, only a verbal $3M commitment existed, and the project ultimately raised $5.2M from external investors.
P2P.me acknowledged that betting on outcomes it could influence damaged trust and admitted failing to disclose the activity was a mistake.
The team said:
• All positions will be closed
• Profits will be moved to the MetaDAO treasury
• New policies for prediction market activity are being developed
Conflict of interest exposed.
Transparency questioned.
Trust rebuilding begins