• P2P.me wager $20,500 from a basis account on Polymarket that its personal MetaDAO fundraise would hit a $6 million goal whereas solely holding a non-binding $3 million dedication.
  • The fundraise missed the purpose by $800,000, but the workforce nonetheless profited roughly $14,700 from the betting place with out the information of main backers like Coinbase Ventures.
  • P2P.me apologised for the trust-damaging stunt, pledged to liquidate its prediction market positions, and introduced a brand new buying and selling coverage after critics labeled the transfer a advertising and marketing failure.

P2P.me has apologised after disclosing that team-linked accounts positioned Polymarket bets on the end result of its personal fundraising spherical earlier than the increase was made public, prompting insider buying and selling accusations from the crypto group.

The India-based stablecoin startup mentioned a basis account labelled “P2P Group” wagered on the corporate reaching a US$6 million (AU$8.7 million) fundraising milestone by MetaDAO, a Solana-based decentralised fundraising protocol. 

The bets had been opened about 10 days earlier than the general public increase started on March 25, 2026.

On the time, P2P.me mentioned it had solely an oral, non-binding dedication of US$3 million (AU$4.35 million) from Multicoin Capital, its largest single backer. It mentioned there have been no signed time period sheets or assured allocations in place when the positions had been taken.

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The inspiration account put US$20,500 (AU$29,725) into the Polymarket contract and later withdrew US$35,212 (AU$51,057), for a web revenue of about US$14,700 (AU$21,315). 

The corporate described the acquire as modest as a result of it was beneath US$15,000 (AU$21,750). It had additionally beforehand used Polymarket in January 2026, when one other wager returned US$8,173 (AU$11,851).

Traders Panicking

P2P.me’s fundraising spherical ultimately closed at US$5.2 million (AU$7.54 million), beneath the US$6 million (AU$8.7 million) goal tied to the market. Even so, the place settled within the firm’s favour primarily based on commitments recorded by MetaDAO. 

The startup had beforehand raised US$2 million (AU$2.9 million) in a seed spherical led by Coinbase Ventures and Multicoin Capital.

After the bets grew to become public by on-chain evaluation, investor refund requests reached about US$20,000 (AU$29,000), a small share of the US$6.7 million (AU$9.7 million) dedicated within the spherical. Coinbase Ventures and Multicoin Capital mentioned they had been unaware of the buying and selling earlier than it surfaced.

P2P.me mentioned the episode “created confusion and damage belief” and mentioned it will shut all open Polymarket positions and introduce a proper coverage governing prediction market buying and selling by staff and basis accounts. 

The episode got here days after Polymarket moved to explicitly ban insider buying and selling by folks with sufficient authority or affect to have an effect on a contract’s consequence. 

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The submit Startup’s $15K Bet Backfires: P2P.me Apologises for Polymarket Misstep appeared first on Crypto News Australia.