
Splottz
9.1K posts




[ ZOOMER ] INTERCONTINENTAL EXCHANGE, THE NYSE’S PARENT COMPANY, INVESTS ANOTHER $600M IN POLYMARKET: BBG







A note on the Polymarket positions you've seen on-chain - the account named "P2P Team" is ours. We wanted to come out honestly. The capital came from our foundation account and all proceeds return to it. Here's the full picture. 10 days before our raise went live, we placed bets that we'd hit our $6M+ target. At that point we had one oral commitment from Multicoin ($3M) - no signed term sheets, no guaranteed allocations, nothing binding. We were betting on ourselves. We'd told the market we were raising over $6M. We believed we could. That bet was our way of backing our word with our own money at a moment when the outcome was genuinely uncertain. Over the following 10 days we made our case, secured commitments, and the raise closed at $5.2M - entirely from outside investors we don't control. We understand why this raises questions. Trading on an outcome you can influence erodes trust. We don't believe we were trading on a done deal, but we recognize reasonable people can see it differently. We named the account "P2P Team" deliberately - to give a marketing signal of our presence to the community and reflect our intent to be transparent. But intent isn't the same as action. Not disclosing at the time was a mistake we own. We took time to study the legal implications before speaking, which is why we stayed silent until now with a "No Comments" stance! - that too is a fair criticism. All proceeds go back into our futarchy-governed MetaDAO treasury. We will be liquidating all positions in the next few hours and are putting together a formal company policy on prediction market trading going forward. One thing we want to be unambiguous about: MetaDAO (@MetaDAOProject ) had zero knowledge of or involvement in these bets. We're genuinely excited to join this community and wanted to start on the right note - which means being straight with you about this.







BREAKING: INTERCONTINENTAL EXCHANGE ANNOUNCES NEW $600 MILLION INVESTMENT IN POLYMARKET


🚨💣‼️ Breaking: Reports claim Manchester City could face a 60-point deduction. If confirmed, they’d drop to the bottom of the table and be relegated. ❌ Final decision expected before the season ends.




[ ZOOMER ] INTERCONTINENTAL EXCHANGE, THE NYSE’S PARENT COMPANY, INVESTS ANOTHER $600M IN POLYMARKET: BBG




Looks like that the competition for the #NCAA rewards in @Polymarket is increased a lot With the same size last week I did more than double Today they added another 4 matches So which best thing to do if not increasing the markets and doubling the size?!?! 😬









