Tag - polymarket

Unlucky gamblers lost big on the $100k Bitcoin bet

Traders betting on Bitcoin’s surge to the $100,000 mark have been liquidated on the market prediction platform Polymarket. Bitcoin btc-0.43%Bitcoin rallied to an all-time high of $99,655 on Nov. 22, increasing the chances of breaking the $100,000 barrier to 91%, according to a poll on Polymarket. However, the flagship cryptocurrency soon started to face correction and even touched a local low...

Polymarket apologies for ‘retardio’ posts on X made by its intern

Polymarket issues a public statement addressing the recent “retardio” incident involving an intern’s posts, expressing apologies for “inappropriate language.” Polymarket, a decentralized prediction market platform that allows users to place bets on world events, has found itself in hot water after its intern published a series of posts on X, which resemble together the word “retardio.” In an...