willo2

I was just scammed for $500K by Polymarket. I am "willo2", the top holder of YES on "MicroStrategy sells Bitcoin by May 31st". Here's what happened:

@JakeTheLarp @Polymarket Polymarket is a scam. Don't bother

Low liquidity is killing me, @Polymarket.

@HaileyLennonBTC Thank you Hailey, I appreciate the share

@willo2_Poly Agree

You’re tracking the price of bitcoin I’m tracking the legal arguments around Polymarket claiming the market was “No” on Saylor selling bitcoin by May 31 because MicroStrategy didn’t report by COB since it filed the 8K June 1 We are not the same

@Kaanha__ The argument for NO is basically that I just should have disregarded the rules, because it was "too good to be true". Polymarket should never allow people to have a "technical edge over people who simply read the rules" Because that's what rules are. Rules.

What a great read. I didn't trade the MicroStrategy's 31st May market because I'm not very familiar with these kinds of event contracts. But I did notice several experienced traders positioning heavily on the NO side rather than YES, which suggested there might be a technical angle favoring NO. A few hours later, that's exactly how it played out. I think the "Polymarket bias" narrative has some truth to it, not necessarily in the sense of markets being rigged for insiders, but in how certain edge-case resolutions have been handled historically. A great example from the article was the Trump–Mark Rutte phone call market. During the contract period, there was only a vague statement from Rutte saying they "had a conversation." Traders argued that was sufficient proof, but the market was disputed. While the dispute was ongoing, the FT and other outlets later confirmed the phone call had indeed happened. However, those confirmations were published one day after the contract expired, so the market correctly resolved to NO according to the rules, even though the event itself occurred. Traders who understood these kinds of precedent-based technicalities had a clear edge over newer participants who simply read the rules and concluded the market should resolve YES. That's not irrational. It's just that edge cases exist, and experienced traders know how to price them. The lesson is simple: be cautious before jumping to conclusions. Talking things through and understanding how similar markets were resolved in the past can save you a lot of money, or make you a lot.

@community_fist Exactly. Great read. People want transparency and integrity. Not political battles over technicalities. Polymarket is making a big mistake.

What's interesting is that the main arguments from supporters of resolving the MicroStrategy market as No are essentially: "Users could see that even after MicroStrategy announced the Bitcoin sale, the market was still trading at 60-80 cents rather than 99.5 cents, so they should have realized it was too good to be true." "There was a similar precedent years ago, so users should have known this is how Polymarket handles such situations." In other words, the conclusion is that "Yes buyers only have themselves to blame." When Polymarket embraces this line of reasoning, they're shooting themselves in the foot. You'll never attract millions of active users if successful participation requires studying thousands of historical markets, learning every obscure nuance of UMA resolution practices and understanding the entire internal politics of the Polymarket's "deep state." People want simplicity and transparency. Prediction markets are supposed to be entertainment first and foremost. If participating starts feeling like navigating House of Cards-style political intrigue, the whole thing will eventually collapse under its own complexity - just like every house of cards eventually does.

@feelingpoppish @blknoiz06 @carpetislate thank you for the share sir

@blknoiz06 @carpetislate Ansem, check out Wilo’s polymarket story. It's a good read, and you should provide your input on it. x.com/willo2_Poly/st…

lad whats this lad?

@gmoneyNFT Polymarket literally don't care about reality. They never were truth markets. Just a cheap bucketshop out to scam users for a few hundred K. People need to know.

These fake polymarket headlines are a lot less funny now that we know they might cite their fake headline to resolve a market incorrectly.

@sassy420_ @Polymarket Thank you Sassy, your support means a lot. Appreciate it. Hopefully Polymarket will do right by the users.

I will regain faith in the crypto space if @willo2_Poly gets refunded. @Polymarket do the right thing

@RuneCrypto_ To be fair the market that Polymarket cited as 'precedent' to steal from me also had $4000 volume. Lmao

volume was $5000 btw

@SkewDealer ogun thunderstrike your entire family, your village people, and anybody wey send you

A must read for everyone not agreeing with the Microstrategy clarification

@Earl_Of_Chester @SenBlumenthal my man.

@SenBlumenthal Take a look into this senator x.com/willo2_Poly/st…

CFTC Chair Selig’s testy effort to defend his turf seems pretty lame when his agency is failing to address prediction market problems. covers.com/industry/cftc-…

@Polygun_ Polymarket is a scam.

Prediction markets > day trading Prediction markets > day trading Prediction markets > day trading Prediction markets > day trading Prediction markets > day trading Prediction markets > day trading Prediction markets > day trading Prediction markets > day trading Prediction markets > day trading Prediction markets > day trading Prediction markets > day trading Prediction markets > day trading

@CarOnPolymarket @econoar Since when has a market ever been kept open for weeks. You're asking a ridiculous question when MSTR has filed weekly 8K disclosures for 2 years straight. "How unfair is that" ahhhh sorry would be way fairer to simply deny reality. Sorry bud my mistake!

I turned down the job offer lil bro Btw you say it could only be known by June 1, but what if it wasn’t announced for weeks? Do we just keep open the market for weeks when thats not written in the rules? How unfair is that? A 32 btc sale is not really a material event they have to disclose days later. And strategy also doesn’t need to disclose sales every week at all. It’s just coincidence and bad luck they announced it on June 1. Which was shortly after the May 31 deadline If they announced a May sale on June 8 no one would’ve cared.

This has to be one of the dumbest things I've ever read. This person works for Polymarket? "The market asking if an event would happen by May 31 but could only be known via public disclosure on June 1 had to end May 31 for reasons I made up so it's OK that we scammed everyone"

Every Polymarket Traders badge shill has had the same attitude. They're so brazen that they're don't even bother debating whether MSTR sold Bitcoin before May 31st. It's literally just "You got scammed, and this is how we fucked you". Insane.

@RNR_0 Yes. And they're so brazen that they're not even debating whether MSTR sold Bitcoin before May 31st. Every Polymarket shill has had the same attitude. "You got scammed, and this is how we fucked you". Insane.

Polymarket can just append extra rules?

@BlackMambaMilli Thank you man I do appreciate it. Hopefully they make this right

@willo2_Poly Bro that is insanely dirty tactics and not right, hope you get rebated at least But you should get the whole profit

I was just scammed for $500K by Polymarket. I am "willo2", the top holder of YES on "MicroStrategy sells Bitcoin by May 31st". Here's what happened:

@Brentsketit Thank you Mr Dumping Bandit. In this case it was not even UMA but a Polymarket employee who arbitrarily modified the ruleset prior to resolution. I think this is one of the most clear-cut cases of malpractice by their team as a single individual straight up changed the rules.

polymarket scammed me on the titanic sub market over 2 years ago jumped on a call w/ shayne and told him they had to move off UMA insane risk to use the platform since, surprised no one has taken legal action against them yet

@ParetoPrincipl Radio silence.

@willo2_Poly Any response from Polymarket team?

Good morning guys. If you keep a market open for trading, you should accept evidence that comes out within that timeframe. If my trades were valid, The legally issued proof from MSTR should be as well. Otherwise you're scamming users. Do the right thing Polymarket

@mhluo132 The bet was clearly not resolved if it was live and tradeable that's what open/closed means

@willo2_Poly The problem is that markets need to have a resolution date where they determine the outcome of the bet according to the rules. the rules rely on official sources, which shows MSTR did NOT sell bitcoin. Therefore, it resolves to no. Future announcements cannot revert resolved bets

Hey Polymarket actually according to you this did not happen

@0xbobaaa Thing is: You're completely wrong. (and that's why this rule is completely arbitrary) It has nothing to do with a public announcement. But who can tell when they don't write it down anywhere?

someone lost $527k on polymarket today trying to arb a resolved market strategy announced they sold BTC the YES market was still open at 80c looked like free money polymarket rule: bets placed after public announcement = void or loss. he didn't know. put in half a million someone else made $35k on the same market just knowing saylor never sells two trades. one market. different homework winner: @atlantislq/?r=bobaonee" target="_blank" rel="nofollow noopener">polymarket.com/@atlantislq/?r… loser: @willo2/?r=bobaonee" target="_blank" rel="nofollow noopener">polymarket.com/@willo2/?r=bob…