P2P.me Team Admits to Polymarket Betting Account and Apologizes

The P2P.me team has publicly acknowledged that the Polymarket betting account identified as 'P2P Team' belongs to them and has issued an apology for the betting incident. According to PANews, the team admitted to placing a bet using foundation funds ten days before their fundraising launch, wagering on their ability to raise over $6 million. At that time, they only had a verbal commitment of $3 million from Multicoin, with no signed term sheets or allocation guarantees. Ultimately, they raised $5.2 million, all from independent external investors. P2P.me conceded that trading on outcomes they could influence undermines trust. They explained that naming the account 'P2P Team' was intended to convey presence and transparency to the community, though they acknowledged that intention did not translate into action. They admitted that failing to disclose information was a mistake and accepted criticism regarding their silence. The team stated that profits from the prediction market positions would be reinvested into the project's MetaDAO treasury. They plan to liquidate all positions within the next few hours and are developing a formal company policy on future prediction market trading.