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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
2024-05-24 03:46
Odaily News After the SEC announced this morning that it had approved the 19b-4 applications of multiple spot Ethereum ETFs, the bet on the prediction market Polymarket on whether the spot Ethereum ETF would be approved before May 31 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, and that the approval of the ETF required the approval of both the 19b-4 and S-1 documents, and that the S-1 result should not have closed with a YES. It is worth mentioning that the prize pool for this bet on Polymarket was as high as $13 million. (Cointelegraph)