Startup Admits Betting on Its Own Fundraise — And Calls It a Mistake

[ed]

The team behind P2P.me revealed it placed bets on Polymarket about whether its own fundraising round would succeed. The positions were opened before the raise went live — at a time when funding was not guaranteed.

Although the project ultimately raised $5.2 million (missing its $6M target), the team acknowledged that trading on outcomes they could influence raises serious concerns. They’ve since admitted the lack of disclosure was a mistake and are now liquidating positions and implementing stricter internal policies.

[cryptohog]

betting on your own outcome and calling it a “mistake” is definitely one way to put it