P2P.me’s team has disclosed that it placed bets on the Polymarket prediction market tied to its recent fundraising round. According to a thread posted on X, the positions were opened about 10 days before the raise went live, wagering on whether the project would reach a $6 million target.
At the time the trades were placed, P2P.me said it only had an oral commitment from venture firm Multicoin Capital for $3 million, with no signed term sheets or guaranteed allocations. The round ultimately closed at $5.2 million, and the Polymarket market resolved to “no.”
Afterward the team acknowledged the problematic optics and published its trades. In its statement, P2P.me said trading on outcomes you can influence undermines trust. The group added that it did not believe the fundraising was a done deal when the bets were made but conceded that reasonable observers might see the situation differently. The account was deliberately named “P2P Team” to signal the project’s presence, the disclosure said, and the team accepted that failing to disclose the trades at the time was a mistake.
P2P.me said any profits from the Polymarket positions will be returned to the project’s MetaDAO treasury, that it is liquidating all remaining Polymarket positions, and that it will adopt a formal company policy to govern prediction-market trading going forward.
Cointelegraph contacted P2P.me about the disclosure but had not received a response by publication.
Prediction markets have come under increased scrutiny for potential insider trading, and platforms including Polymarket and Kalshi have implemented countermeasures. U.S. lawmakers have also proposed legislation aimed at curbing insider activity on these markets. The bipartisan PREDICT Act, introduced by Representatives Adrian Smith and Nikki Budzinski, would bar the president and members of Congress from participating in prediction markets, and other competing bills seek to restrict political insider trading more broadly.