Trader Loses $500,000 on U.S. Government Shutdown Bet

According to Foresight News, a trader using the handle haeju.eth reported a significant financial loss after betting on the end date of a U.S. government shutdown. The trader initially accumulated $400,000 in profits but lost $500,000 after wagering that the shutdown would conclude on November 12. However, the rules set by Polymarket, the platform used for the bet, stipulate that the outcome is only considered correct if the U.S. Office of Personnel Management (OPM) website is updated to reflect the end of the shutdown. As the OPM website did not update, the trader's bet was deemed incorrect.