P2P.me Faces Insider Trading Allegations Over Polymarket Bets

P2P.me, a cryptocurrency payments platform, is facing questions over a $20,000 Polymarket bet tied to its own fundraising campaign after disclosing that it traded on the outcome before the round opened publicly. On March 27, P2P.me announced that it had liquidated a Polymarket betting position on its ability to meet its $6 million fundraising target. The company disclosed that it placed the bets 10 days before officially opening its funding round. Big Polymarket Profit Sparks Insider Trading Debate P2P.me admitted that, at the time the wagers were placed, it had already secured an oral commitment of $3 million from the venture capital firm Multicoin. A note on the Polymarket positions you've seen on-chain – the account named "P2P Team" is ours.We wanted to come out honestly. The capital came from our foundation account and all proceeds return to it. Here's the full picture.10 days before our raise went live, we placed…— P2P.me (TGE arc) (@P2Pdotme) March 27, 2026 Some legal observers said the $3 million oral commitment could be viewed as material non-public information, though P2P.me said the absence of signed documents meant the outcome was still uncertain. P2P.me further defended the trade and characterized the bet as a “vote of confidence.” “We named the account “P2P Team” deliberately – to give a marketing signal of our presence to the community and reflect our intent to be transparent. But intent isn’t the same as action. Not disclosing at the time was a mistake we own. We took time to study the legal implications before speaking, which is why we stayed silent until now with a “No Comments” stance! – that too is a fair criticism,” it stated. P2P.me eventually raised $5.2 million from outside investors, allowing the firm to close its Polymarket positions at $35,212. The trade generated a profit of roughly $14,700 from an initial entry of $20,500. Following the backlash, some investors and industry insiders argued that the incident was being blown out of propo...