P2P.me Faces Insider Trading Allegations Over Polymarket Bets
P2P.me, a cryptocurrency funds platform, is going through questions over a $20,000 Polymarket guess tied to its personal fundraising marketing campaign after disclosing that it traded on the end result earlier than the spherical opened publicly.
On March 27, P2P.me introduced that it had liquidated a Polymarket betting place on its skill to fulfill its $6 million fundraising goal. The firm disclosed that it positioned the bets 10 days earlier than formally opening its funding spherical.
Big Polymarket Profit Sparks Insider Trading Debate
P2P.me admitted that, on the time the wagers have been positioned, it had already secured an oral dedication of $3 million from the enterprise capital agency Multicoin.
Some authorized observers stated the $3 million oral dedication could possibly be considered as materials personal data, although P2P.me stated the absence of signed paperwork meant the end result was nonetheless unsure.
P2P.me additional defended the commerce and characterised the guess as a “vote of confidence.”
“We named the account “P2P Team” intentionally – to present a advertising and marketing sign of our presence to the group and replicate our intent to be clear. But intent isn’t the identical as motion. Not disclosing on the time was a mistake we personal. We took time to check the authorized implications earlier than talking, which is why we stayed silent till now with a “No Comments” stance! – that too is a good criticism,” it acknowledged.
P2P.me finally raised $5.2 million from outdoors buyers, permitting the agency to shut its Polymarket positions at $35,212. The commerce generated a revenue of roughly $14,700 from an preliminary entry of $20,500.
Following the backlash, some buyers and trade insiders argued that the incident was being blown out of proportion. They attributed the commerce to naiveté relatively than malice.
Simon Dedic, co-founder of Moonrock Capital and an investor in P2P.me, defended the crew’s character and motive. According to him, the commerce was a misguided “guerrilla advertising and marketing stunt” designed to point out conviction.
“No one with any frequent sense would danger a $6 million elevate over $15,000. The thought was to point out such robust conviction within the sale that they’d even guess on themselves. This is precisely why they deliberately named the account ‘P2P crew.’ Otherwise, you’d should argue they’re probably the most incompetent insider merchants of all time,” Dedic added.
Amid mounting criticism on the eve of its deliberate preliminary coin providing, P2P.me introduced that it might route the proceeds from buying and selling to the MetaDAO Treasury. The firm clarified that MetaDAO had no prior data of the trades.
This incident comes at a time when prediction markets are enjoying an explosive growth within the sector. Blockchain platform TRM Labs acknowledged that the sector’s transaction volumes have surged from $1.2 billion in early 2025 to greater than $20 billion by January 2026.
Due to this fast progress, there have been increasing regulatory concerns about decentralized prediction markets. Platforms similar to Polymarket and Kalshi have lately implemented stricter surveillance measures to curb insider trading.
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