@coffeebreak_YT FAO: coffeezilla - Polymarket scammed me for $500K.
They changed the rules for a market 3 weeks ago to disqualify evidence and wiping out $3.8M of their users money.
Check it out
Congratulations Shayne, I mean it.
We all watched Polymarket grow from a tiny crypto-native betting market into one of the largest information oracles available to the public.
Unfortunately, somewhere along the way, Polymarket gave up on its values.
I was rugged for $500K by Polymarket after correctly predicting the future - that Microstrategy sold Bitcoin before May 31st. As anyone knows, Strategy sold Bitcoin for the first time in 3.5 years at the end of May. Your own platform's X account tweeted it out. The rules were clear, but "sharps" and insiders colluded to scam thousands of traders by modifying the rules, disqualifying evidence, and publicly rewriting history.
You chose to focus on the money - Sports+US Election markets over smaller crypto+world politics markets.
That's fine, but Polymarket is now essentially unusable for anyone who believes in your original vision - a free and open information oracle, futarchy as a public service, and the simple concept of making money by correctly predicting the future.
Insider cabals have taken over smaller markets and now rats, both inside and outside of your organization, abuse these for financial gain. If it's not a large market, there is no guarantee that it will not be manipulated, disputed, or challenged on technicality or supposed precedent.
Polymarket is essentially just another sportsbook now. And that is unfortunate, because it could have been so much more.
Today is the 6 year anniversary of when I launched Polymarket.
I’m truly grateful to be able to work on something that means so much to me.
It’s been awe-inspiring to see the world catch up with this crazy idea called “information markets”. Yet there still remains a long ways
Again and again senior intern polymarket told everyone they fixed the resolution problem on june 5
it took them 10 days to prove they didnt
let me walk you through exactly what happened
first the setup, the strategy btc market, MSTR sold 32 BTC before may 31 but the filing dropped june 1 so UMA resolved it NO, 1,838 accounts lost $3.8M on a clarification that landed after they placed the bet, one 20yo trader in london lost $35K and launched #StopPolyScam, filed complaints with US regulators, this was a full blown trust crisis
so the markets team goes on record june 5, "we are changing a bunch of stuff internally to make sure this doesnt happen again", 164K views, everyone claps, problem solved right
now look at june 15
$345M in volume frozen on the US x Iran peace deal market, identical failure mode, the contract needs a "permanent" end to hostilities, pakistan's PM announces an "immediate and permanent termination of military operations on all fronts", sounds like a clean YES, then monday the real terms leak, it's a 60-day interim framework to reopen the strait of hormuz, more negotiations in qatar this week, MOU not even signed til friday in switzerland, so is it permanent or temporary, nobody can agree, both sides are convinced they won
a YES resolution gets proposed sunday night, instantly disputed, and now $345M sits in the hands of anonymous token holders arguing in a discord chatroom
here is the part they never touched, bloomberg found 9 wallets control more than half the UMA voting power, anonymous, zero disclosure on whether they hold the market they are judging, 60%+ of active UMA voters also hold polymarket accounts, in 300+ disputes at least one voter had a direct stake in the outcome they ruled on, and dissenters get slashed so the rational play is vote with the whales not with the facts
this is the WSJ report from may 17 playing out live, 20% of disputed outcomes judged by people with money on the line, 60% of judges linked to trading accounts, 1,150+ disputed markets in 2026 already, more than all of 2025 combined
between the promise and the next blowup nothing structural changed, just the size of the number
"changing stuff internally" is not a fix when 9 anonymous wallets still decide $345M in a discord vote
the lesson for anyone trading here, your edge is not being right about the world, the world isnt what pays you out, the oracle is
Everyone thinks flood means the ui when he calls @Polymarket the worst trading product on earth
He doesn't, the problem is the market doesn't decide who wins, nine wallets do
A WSJ probe found over half the UMA votes in disputed markets come from the 10 biggest wallets, 60% of
@0xDinoCrypto and @willo2_Poly are entering the boss fight.
Behind us are thousands of victims who were hurt by unfair market resolutions.
This is bigger than one trade.
This is about fairness, transparency, and accountability.
#StopPolyScam
@RNR_0 yes but, biggest marketing stunts come from incredibly unlikely outcomes happening (e.g. the spain thing)
fact is, polymarket just has a lot of people betting a lot of money on everything in the world cup rn. go figure
Polymarket would like you to believe they are a "truth engine".
In reality, they are a centralized bookmaker that can change market outcomes as they see fit.
Polymarket scammed me for $500,000, and they will keep doing it as long as they believe they can get away with it.
I bet $500K that Microstrategy sold BTC before the end of May. They did.
Polymarket changed the rules and scammed everyone who had predicted the future.
Satoshi himself came out to support me. Polymarket, I DARE you to try and fight us.
It's my birthday today. I turned 26.
But I'm not celebrating. I wish I could!
Instead, I will be fighting for justice for the users that Polymarket rugged for $6.5M. Never give up.
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