The results of the Polymarket bet on ETFs sparked controversy, with the losing party arguing that the 19b-4 document alone does not represent the approval of the

After the SEC announced this morning that it had approved the 19b-4 applications for multiple spot Ethereum ETFs, the bet on whether the spot Ethereum ETF would be approved before May 31 on the prediction market Polymarket was executed with a YES result, but the result sparked controversy in the community. Participating users who supported the NO result believed that this execution result was not rigorous. The approval of the ETF required the approval of both the 19b-4 and S-1 documents. If the S-1 result was not determined, it should not have closed with a YES. It is worth mentioning that the prize pool of this bet on Polymarket is as high as $13 million. (Cointelegraph)