Justin Wu
Justin Wu|Jun 02, 2026 11:53
One of the craziest things I’ve seen this week literally a learning for all prediction market addicted fellas A trader lost $500,000 on Polymarket despite calling the outcome correctly Strategy sold BTC before May 31 SEC filings later confirmed it. On-chain data pointed to it too The trader saw that, got more confident, and even added to the position while the market was still open Then Polymarket added a clarification saying the sale had to be publicly confirmed before the deadline, not just happen before it Market resolved NO $500K vanished This is why I keep saying In crypto, it’s not enough to be right You have to be right about how the rules will be interpreted too Brutal lesson tbh(Justin Wu)
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