The P2P.me team apologizes for betting on its funding goal on Polymarket, and the proceeds will be transferred to the MetaDAO treasury.

TechubNews · 2026-03-28T01:23:25+00:00

The P2P.me team admits to having placed bets on the funding goal through the "P2P Team" account on Polymarket, without disclosing this activity. The project ultimately raised $5.2 million, and the team is liquidating their positions. The proceeds will be returned to the MetaDAO treasury, and they plan to establish policies.

TechubNews

2026-03-28 01:23:25

Abstract generation in progress

Techub News reports that P2P.me tweeted that the team admitted to having placed a bet on Polymarket through an account named “P2P Team” regarding whether the project would achieve its $6 million fundraising goal. This position was established 10 days before the fundraising began, at which time the project had only received a verbal commitment of $3 million from Multicoin Capital. Ultimately, the project raised a total of $5.2 million.

P2P.me stated that failing to disclose this action at the time was a mistake, and they are currently liquidating all related positions, with the proceeds to be returned to the MetaDAO treasury governed by Futarchy. Additionally, the team emphasized that MetaDAO was not aware of this betting action and will develop policies regarding prediction market trading.

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