Polymarket Users Favor Meteora in Bets over ZachXBT Crypto Takedown
Polymarket users have wagered over $7 million betting on Meteora as the likely target of ZachXBT's upcoming insider trading investigation.Summary
Users on the prediction markets platform Polymarket are betting heavily on which crypto entity will be named by online sleuth ZachXBT in an upcoming major investigation concerning insider trading allegations. As of Tuesday, there was a 29% implied probability assigned to decentralized liquidity platform Meteora being the target announced on Thursday. Users could bet on several entities, including MEXC, Axiom, and Wintermute, with total wagers exceeding $7 million. However, the odds reflect user activity rather than confirmed insight into ZachXBT's plans. Separately, prediction markets like Polymarket are facing regulatory scrutiny in the US, with CFTC Chair Michael Selig asserting the federal regulator's exclusive jurisdiction over these platforms, equating them to derivatives markets.
(Source：Cointelegraph)