A new prediction market has been launched on Polymarket, focusing on the timing of the next major cryptocurrency hack exceeding $100 million in losses. According to Odaily, this market primarily references the Rekt News leaderboard for adjudication, but it may also rely on other recognized reliable reports. The prediction market has set four key dates: April 30, June 30, September 30, and December 31.
The contract rules specify that the market concerns any crypto project or exchange experiencing an attack or hack valued at a minimum of $100 million between the market's creation and 11:59 p.m. Eastern Time on the specified date. If no such event occurs, the market will conclude with a 'no' decision. Hacks on decentralized exchanges and lending protocols will be included in the assessment.