Polymarket users favor Meteora in bets over ZachXBT crypto takedown
Summary
Users have wagered over $7 million on the results of a highly anticipated crypto investigation, with findings set to be revealed on Thursday. This event highlights the growing intersection of cryptocurrency and betting culture.
Key Insights
What is Polymarket?
Polymarket is a decentralized prediction market platform launched in 2020, built on the Polygon blockchain, where users bet on the outcomes of real-world events such as elections, sports, and investigations using USDC stablecoins, trading shares priced between $0.00 and $1.00 that reflect event probabilities.
Who is ZachXBT?
ZachXBT is a prominent blockchain analyst and investigator known for exposing cryptocurrency scams, abuses, and illicit activities, often using on-chain analysis to track suspicious transactions and identify wrongdoers in the crypto space.
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